What are the loan options available for purchasing a Cerato 2.0L SX in UAE?

In UAE, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and Islamic finance options tailored for car purchases.

How can I apply for a car loan for the Cerato 2.0L SX?

You can apply for a car loan through banks or financial institutions by submitting necessary documents such as ID, salary certificate, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score positively or negatively, depending on your repayment history and overall credit behavior.

What should I be aware of when applying for a car loan?

Be aware of the interest rates, loan tenure, any additional fees, and the total cost of the loan including insurance and maintenance.

What factors can influence the interest rates on my car loan?

Factors influencing interest rates include your credit score, the loan amount, the loan term, and the prevailing economic conditions.

CarteaCar Loan Calculator

Cerato 2.0L SX Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 5,308

Down Payment

AED 15,750

Total Cost

AED 79,446

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,308	AED 58,388
2	AED 5,308	AED 53,080
3	AED 5,308	AED 47,772
4	AED 5,308	AED 42,464
5	AED 5,308	AED 37,156
6	AED 5,308	AED 31,848
7	AED 5,308	AED 26,540
8	AED 5,308	AED 21,232
9	AED 5,308	AED 15,924
10	AED 5,308	AED 10,616
11	AED 5,308	AED 5,308
12	AED 5,308	AED 0

Monthly Payment Composition

Interest: 58

Principal: 5250

Cerato 2.0L SX Car Loan Calculator FAQs in UAE

In UAE, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and Islamic finance options tailored for car purchases.
You can apply for a car loan through banks or financial institutions by submitting necessary documents such as ID, salary certificate, and vehicle details.
Yes, taking a car loan can affect your credit score positively or negatively, depending on your repayment history and overall credit behavior.
Be aware of the interest rates, loan tenure, any additional fees, and the total cost of the loan including insurance and maintenance.
Factors influencing interest rates include your credit score, the loan amount, the loan term, and the prevailing economic conditions.