What are the loan options available for purchasing a CRV Touring (AWD) in the UAE?

In the UAE, you can choose between various loan options such as fixed-rate loans, variable-rate loans, and balloon loans depending on your financial situation and preferences.

How does a car loan affect my credit score in the UAE?

Taking out a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.

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

You typically need to provide a valid Emirates ID, proof of income, bank statements, and details about the car you wish to purchase.

What factors can influence the interest rate on my car loan in the UAE?

Factors influencing the interest rate include your credit score, the loan term, the amount of down payment, and the overall market conditions.

Are there any additional fees associated with car loans in the UAE?

Yes, additional fees may include processing fees, early repayment penalties, and insurance costs. It's important to review the loan agreement carefully.

CarteaCar Loan Calculator

CRV Touring (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 8,822

Down Payment

AED 26,180

Total Cost

AED 132,044

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,822	AED 97,042
2	AED 8,822	AED 88,220
3	AED 8,822	AED 79,398
4	AED 8,822	AED 70,576
5	AED 8,822	AED 61,754
6	AED 8,822	AED 52,932
7	AED 8,822	AED 44,110
8	AED 8,822	AED 35,288
9	AED 8,822	AED 26,466
10	AED 8,822	AED 17,644
11	AED 8,822	AED 8,822
12	AED 8,822	AED 0

Monthly Payment Composition

Interest: 96

Principal: 8726

CRV Touring (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose between various loan options such as fixed-rate loans, variable-rate loans, and balloon loans depending on your financial situation and preferences.
Taking out a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
You typically need to provide a valid Emirates ID, proof of income, bank statements, and details about the car you wish to purchase.
Factors influencing the interest rate include your credit score, the loan term, the amount of down payment, and the overall market conditions.
Yes, additional fees may include processing fees, early repayment penalties, and insurance costs. It's important to review the loan agreement carefully.