What is the car loan process for purchasing a CLA 250 Premium 2.0L in the UAE?

The car loan process generally involves choosing a lender, submitting necessary documents, getting loan approval, and finalizing the contract to purchase the vehicle.

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

Taking a car loan can affect your credit score positively if you make timely payments. However, missed payments can negatively impact your score.

What documents are required to apply for a car loan for a CLA 250 Premium 2.0L?

Typically, you will need to provide identification, proof of income, bank statements, and details of the vehicle you wish to finance.

What factors can affect the interest rate on a car loan in the UAE?

Factors include your credit score, the loan amount, the term of the loan, and current market interest rates.

Are there any prepayment penalties for car loans in the UAE?

Some lenders may impose prepayment penalties, while others may not. It's important to check the terms of your loan agreement.

CarteaCar Loan Calculator

CLA 250 Premium 2.0L Car Loan Calculator in UAE

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

Monthly Payment

AED 19,672

Down Payment

AED 58,380

Total Cost

AED 294,444

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 19,672	AED 216,392
2	AED 19,672	AED 196,720
3	AED 19,672	AED 177,048
4	AED 19,672	AED 157,376
5	AED 19,672	AED 137,704
6	AED 19,672	AED 118,032
7	AED 19,672	AED 98,360
8	AED 19,672	AED 78,688
9	AED 19,672	AED 59,016
10	AED 19,672	AED 39,344
11	AED 19,672	AED 19,672
12	AED 19,672	AED 0

Monthly Payment Composition

Interest: 212

Principal: 19460

CLA 250 Premium 2.0L Car Loan Calculator FAQs in UAE

The car loan process generally involves choosing a lender, submitting necessary documents, getting loan approval, and finalizing the contract to purchase the vehicle.
Taking a car loan can affect your credit score positively if you make timely payments. However, missed payments can negatively impact your score.
Typically, you will need to provide identification, proof of income, bank statements, and details of the vehicle you wish to finance.
Factors include your credit score, the loan amount, the term of the loan, and current market interest rates.
Some lenders may impose prepayment penalties, while others may not. It's important to check the terms of your loan agreement.