What is the car loan process for purchasing a Changan Alsvin 2021 1.5L Advanced in UAE?

The car loan process typically involves selecting the vehicle, submitting a loan application, providing necessary documents, and then waiting for approval from the bank.

Will taking a loan to purchase the Changan Alsvin 2021 affect my credit score?

Yes, taking a loan can impact your credit score positively or negatively depending on your repayment behavior.

What are the key documents required for applying for a car loan in UAE?

Key documents include a valid ID, proof of income, bank statements, and a quotation for the car's price.

What factors can affect the interest rate on my car loan?

Factors include your credit score, loan amount, loan tenure, and current market interest rates.

Are there any hidden fees I should be aware of when taking a car loan?

Yes, potential hidden fees can include processing fees, early repayment fees, and insurance costs, so it's important to read the loan agreement carefully.

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Changan Alsvin 2021 1.5L Advanced Car Loan Calculator in UAE

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

Monthly Payment

AED 2,477

Down Payment

AED 7,350

Total Cost

AED 37,074

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 2,477	AED 27,247
2	AED 2,477	AED 24,770
3	AED 2,477	AED 22,293
4	AED 2,477	AED 19,816
5	AED 2,477	AED 17,339
6	AED 2,477	AED 14,862
7	AED 2,477	AED 12,385
8	AED 2,477	AED 9,908
9	AED 2,477	AED 7,431
10	AED 2,477	AED 4,954
11	AED 2,477	AED 2,477
12	AED 2,477	AED 0

Monthly Payment Composition

Interest: 27

Principal: 2450

Changan Alsvin 2021 1.5L Advanced Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, submitting a loan application, providing necessary documents, and then waiting for approval from the bank.
Yes, taking a loan can impact your credit score positively or negatively depending on your repayment behavior.
Key documents include a valid ID, proof of income, bank statements, and a quotation for the car's price.
Factors include your credit score, loan amount, loan tenure, and current market interest rates.
Yes, potential hidden fees can include processing fees, early repayment fees, and insurance costs, so it's important to read the loan agreement carefully.