What is the loan process for purchasing a Civilian 4.5L 22-Seater in UAE?

The loan process typically involves selecting a bank, submitting your application with necessary documents, getting approval, and then proceeding to finalize the purchase.

How does taking a loan affect my credit score in UAE?

Taking a loan can impact your credit score positively if you make timely payments, but missing payments can negatively affect it.

What factors should I consider when applying for a loan for a Civilian 4.5L 22-Seater?

Consider your monthly income, current debts, interest rates, repayment terms, and the total cost of the vehicle.

Are there any specific requirements for obtaining a loan for a Civilian 4.5L 22-Seater in UAE?

Yes, you typically need to provide proof of income, residency, and identification, along with a down payment.

What can influence the interest rates for my Civilian 4.5L 22-Seater loan?

Interest rates can be influenced by your credit score, loan amount, repayment term, and the bank's policies.

CarteaCar Loan Calculator

Civilian 4.5L 22-Seater Car Loan Calculator in UAE

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

Monthly Payment

AED 10,261

Down Payment

AED 30,450

Total Cost

AED 153,582

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,261	AED 112,871
2	AED 10,261	AED 102,610
3	AED 10,261	AED 92,349
4	AED 10,261	AED 82,088
5	AED 10,261	AED 71,827
6	AED 10,261	AED 61,566
7	AED 10,261	AED 51,305
8	AED 10,261	AED 41,044
9	AED 10,261	AED 30,783
10	AED 10,261	AED 20,522
11	AED 10,261	AED 10,261
12	AED 10,261	AED 0

Monthly Payment Composition

Interest: 111

Principal: 10150

Civilian 4.5L 22-Seater Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a bank, submitting your application with necessary documents, getting approval, and then proceeding to finalize the purchase.
Taking a loan can impact your credit score positively if you make timely payments, but missing payments can negatively affect it.
Consider your monthly income, current debts, interest rates, repayment terms, and the total cost of the vehicle.
Yes, you typically need to provide proof of income, residency, and identification, along with a down payment.
Interest rates can be influenced by your credit score, loan amount, repayment term, and the bank's policies.