What is the loan process for purchasing a Corolla Cross 1.8L XL (HEV) in the UAE?

The loan process typically involves selecting a lender, submitting your application with necessary documents, and awaiting approval. Once approved, you'll receive the loan amount to purchase the vehicle.

How does taking a loan for the Corolla Cross affect my credit score?

Taking a loan can impact your credit score positively if you make payments on time. However, missing payments or defaulting can negatively affect your score.

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

Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Also, check your credit score and review different lenders.

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

Factors include your credit score, the loan term, the amount you wish to borrow, and current market conditions. Lenders may also have their own criteria.

Can I refinance my car loan for the Corolla Cross later?

Yes, you can refinance your car loan to potentially secure a lower interest rate or better terms, but it's important to review the fees and implications of refinancing.

CarteaCar Loan Calculator

Corolla Cross 1.8L XL (HEV) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,396

Down Payment

AED 18,980

Total Cost

AED 95,732

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,396	AED 70,356
2	AED 6,396	AED 63,960
3	AED 6,396	AED 57,564
4	AED 6,396	AED 51,168
5	AED 6,396	AED 44,772
6	AED 6,396	AED 38,376
7	AED 6,396	AED 31,980
8	AED 6,396	AED 25,584
9	AED 6,396	AED 19,188
10	AED 6,396	AED 12,792
11	AED 6,396	AED 6,396
12	AED 6,396	AED 0

Monthly Payment Composition

Interest: 70

Principal: 6326

Corolla Cross 1.8L XL (HEV) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a lender, submitting your application with necessary documents, and awaiting approval. Once approved, you'll receive the loan amount to purchase the vehicle.
Taking a loan can impact your credit score positively if you make payments on time. However, missing payments or defaulting can negatively affect your score.
Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Also, check your credit score and review different lenders.
Factors include your credit score, the loan term, the amount you wish to borrow, and current market conditions. Lenders may also have their own criteria.
Yes, you can refinance your car loan to potentially secure a lower interest rate or better terms, but it's important to review the fees and implications of refinancing.