Camry 3.5L Sport (298 HP) Car Loan Calculator in UAE

Typically, car loans in the UAE require a down payment of 20% to 30% of the car’s value, with loan tenures ranging from 1 to 5 years. Interest rates can vary from 2.99% to 4.99% depending on the bank.

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score. It's important to manage your repayments responsibly.

You will typically need to provide a copy of your ID, proof of income (like salary certificates), bank statements, and details of the car you wish to purchase.

It's essential to read the terms and conditions carefully, including the interest rate, any additional fees, and penalties for late payments. Understanding these details can help prevent unexpected costs.

The interest rate can be influenced by your credit score, the loan tenure, the current economic situation, and the bank's policies. Generally, a higher credit score can lead to lower interest rates.