What are the financing options available for the Compass 2.4L Longitude (4x4) in the UAE?

In the UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans. It's essential to compare interest rates and terms.

How does taking a loan for the Compass 2.4L Longitude (4x4) affect my credit score?

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

What documents do I need to provide for a car loan application in the UAE?

You typically need to provide an Emirates ID, salary certificate, bank statements, and proof of residence. Additional documents may be required by specific lenders.

What should I consider before applying for a car loan in the UAE?

You should consider the interest rates, loan terms, your budget for monthly payments, and whether you can afford a down payment.

What factors can affect the interest rate for my car loan in the UAE?

Factors affecting the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies.

CarteaCar Loan Calculator

Compass 2.4L Longitude (4x4) Car Loan Calculator in UAE

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

Monthly Payment

AED 5,998

Down Payment

AED 17,800

Total Cost

AED 89,776

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,998	AED 65,978
2	AED 5,998	AED 59,980
3	AED 5,998	AED 53,982
4	AED 5,998	AED 47,984
5	AED 5,998	AED 41,986
6	AED 5,998	AED 35,988
7	AED 5,998	AED 29,990
8	AED 5,998	AED 23,992
9	AED 5,998	AED 17,994
10	AED 5,998	AED 11,996
11	AED 5,998	AED 5,998
12	AED 5,998	AED 0

Monthly Payment Composition

Interest: 65

Principal: 5933

Compass 2.4L Longitude (4x4) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans. It's essential to compare interest rates and terms.
Taking a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
You typically need to provide an Emirates ID, salary certificate, bank statements, and proof of residence. Additional documents may be required by specific lenders.
You should consider the interest rates, loan terms, your budget for monthly payments, and whether you can afford a down payment.
Factors affecting the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies.