What are the loan options available for purchasing a Corolla 1.8L XLI Hybrid in UAE?

In UAE, you can choose from several banks that offer auto loans with varying interest rates and terms, typically ranging from 3 to 7 years.

How can I apply for a car loan for the Corolla 1.8L XLI Hybrid?

You can apply for an auto loan by visiting your chosen bank's branch or their website, providing necessary documents such as ID, proof of income, and vehicle details.

Will taking a car loan affect my credit score?

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

What should I be aware of when taking a car loan?

Be aware of the interest rates, loan terms, any hidden fees, and the total cost of the car including insurance and registration.

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

Factors include your credit score, loan amount, repayment period, and the bank's own lending policies.

CarteaCar Loan Calculator

Corolla 1.8L XLI Hybrid Car Loan Calculator in UAE

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

Monthly Payment

AED 5,924

Down Payment

AED 17,580

Total Cost

AED 88,668

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,924	AED 65,164
2	AED 5,924	AED 59,240
3	AED 5,924	AED 53,316
4	AED 5,924	AED 47,392
5	AED 5,924	AED 41,468
6	AED 5,924	AED 35,544
7	AED 5,924	AED 29,620
8	AED 5,924	AED 23,696
9	AED 5,924	AED 17,772
10	AED 5,924	AED 11,848
11	AED 5,924	AED 5,924
12	AED 5,924	AED 0

Monthly Payment Composition

Interest: 64

Principal: 5860

Corolla 1.8L XLI Hybrid Car Loan Calculator FAQs in UAE

In UAE, you can choose from several banks that offer auto loans with varying interest rates and terms, typically ranging from 3 to 7 years.
You can apply for an auto loan by visiting your chosen bank's branch or their website, providing necessary documents such as ID, proof of income, and vehicle details.
Yes, taking out a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Be aware of the interest rates, loan terms, any hidden fees, and the total cost of the car including insurance and registration.
Factors include your credit score, loan amount, repayment period, and the bank's own lending policies.