What is the loan process for purchasing a CRV DX (2WD) in UAE?

The loan process typically involves selecting a bank, submitting required documents such as income proof and identification, and then filling out a loan application. The bank will evaluate your creditworthiness before approving the loan.

Will taking a loan for CRV DX (2WD) affect my credit score?

Yes, taking a loan can affect your credit score. If you make timely payments, it can positively impact your score. However, missed payments can harm your credit history.

What should I consider before applying for a car loan for CRV DX (2WD)?

Consider your budget, the interest rate, loan term, and your ability to make monthly payments. Also, check if there are any additional fees associated with the loan.

What factors can influence the interest rate on my car loan for CRV DX (2WD)?

Factors include your credit score, the loan amount, loan term, and the bank's policies. A higher credit score typically leads to a lower interest rate.

Are there any special offers or promotions for car loans in UAE?

Many banks in UAE offer special promotions for car loans, such as reduced interest rates or no processing fees. It's advisable to compare different banks and their offers before making a decision.

CarteaCar Loan Calculator

CRV DX (2WD) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,504

Down Payment

AED 19,300

Total Cost

AED 97,348

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,504	AED 71,544
2	AED 6,504	AED 65,040
3	AED 6,504	AED 58,536
4	AED 6,504	AED 52,032
5	AED 6,504	AED 45,528
6	AED 6,504	AED 39,024
7	AED 6,504	AED 32,520
8	AED 6,504	AED 26,016
9	AED 6,504	AED 19,512
10	AED 6,504	AED 13,008
11	AED 6,504	AED 6,504
12	AED 6,504	AED 0

Monthly Payment Composition

Interest: 71

Principal: 6433

CRV DX (2WD) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a bank, submitting required documents such as income proof and identification, and then filling out a loan application. The bank will evaluate your creditworthiness before approving the loan.
Yes, taking a loan can affect your credit score. If you make timely payments, it can positively impact your score. However, missed payments can harm your credit history.
Consider your budget, the interest rate, loan term, and your ability to make monthly payments. Also, check if there are any additional fees associated with the loan.
Factors include your credit score, the loan amount, loan term, and the bank's policies. A higher credit score typically leads to a lower interest rate.
Many banks in UAE offer special promotions for car loans, such as reduced interest rates or no processing fees. It's advisable to compare different banks and their offers before making a decision.