What is the Crown Platinum car loan in UAE?

The Crown Platinum car loan is a specialized financing option offered in the UAE, designed to help individuals purchase vehicles with flexible repayment terms and competitive interest rates.

How can I apply for a Crown Platinum car loan?

To apply for a Crown Platinum car loan, you typically need to submit an application online or at a bank branch, providing necessary documents such as proof of income, residency, and identification.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Successfully repaying the loan can improve your score, while missed payments can lower it.

What should I consider before taking a car loan?

Before taking a car loan, consider your budget, the total cost of the loan, the interest rates, loan terms, and your ability to make monthly payments.

What factors influence the car loan interest rates?

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

CarteaCar Loan Calculator

Crown Platinum Car Loan Calculator in UAE

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

Monthly Payment

AED 15,494

Down Payment

AED 45,980

Total Cost

AED 231,908

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 15,494	AED 170,434
2	AED 15,494	AED 154,940
3	AED 15,494	AED 139,446
4	AED 15,494	AED 123,952
5	AED 15,494	AED 108,458
6	AED 15,494	AED 92,964
7	AED 15,494	AED 77,470
8	AED 15,494	AED 61,976
9	AED 15,494	AED 46,482
10	AED 15,494	AED 30,988
11	AED 15,494	AED 15,494
12	AED 15,494	AED 0

Monthly Payment Composition

Interest: 168

Principal: 15326

Crown Platinum Car Loan Calculator FAQs in UAE

The Crown Platinum car loan is a specialized financing option offered in the UAE, designed to help individuals purchase vehicles with flexible repayment terms and competitive interest rates.
To apply for a Crown Platinum car loan, you typically need to submit an application online or at a bank branch, providing necessary documents such as proof of income, residency, and identification.
Yes, taking a car loan can affect your credit score. Successfully repaying the loan can improve your score, while missed payments can lower it.
Before taking a car loan, consider your budget, the total cost of the loan, the interest rates, loan terms, and your ability to make monthly payments.
Factors influencing car loan interest rates include your credit score, the loan amount, the term of the loan, and prevailing market rates.