What is the typical interest rate for a car loan on the CHR VX 1.8L (96 HP) in UAE?

The typical interest rate for a car loan in UAE can range from 3% to 5% depending on the bank and your credit score.

How do I apply for a car loan for the CHR VX 1.8L (96 HP) in UAE?

You can apply for a car loan by visiting a bank's branch or their website, providing necessary documents such as ID, salary proof, and vehicle details.

Will taking a car loan affect my credit score in UAE?

Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can negatively affect it.

What documents are required for a car loan application in UAE?

Typically, you will need a valid ID, salary certificate, bank statements, and vehicle information. Additional documents may be requested by the bank.

What factors can affect the loan approval and interest rates for a car loan?

Factors include your credit history, income level, employment stability, and the age and condition of the vehicle.

CarteaCar Loan Calculator

CHR VX 1.8L (96 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,935

Down Payment

AED 20,580

Total Cost

AED 103,800

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,935	AED 76,285
2	AED 6,935	AED 69,350
3	AED 6,935	AED 62,415
4	AED 6,935	AED 55,480
5	AED 6,935	AED 48,545
6	AED 6,935	AED 41,610
7	AED 6,935	AED 34,675
8	AED 6,935	AED 27,740
9	AED 6,935	AED 20,805
10	AED 6,935	AED 13,870
11	AED 6,935	AED 6,935
12	AED 6,935	AED 0

Monthly Payment Composition

Interest: 75

Principal: 6860

CHR VX 1.8L (96 HP) Car Loan Calculator FAQs in UAE

The typical interest rate for a car loan in UAE can range from 3% to 5% depending on the bank and your credit score.
You can apply for a car loan by visiting a bank's branch or their website, providing necessary documents such as ID, salary proof, and vehicle details.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can negatively affect it.
Typically, you will need a valid ID, salary certificate, bank statements, and vehicle information. Additional documents may be requested by the bank.
Factors include your credit history, income level, employment stability, and the age and condition of the vehicle.