What are the loan options available for purchasing a CX5 2.5L GL (FWD) in UAE?

In UAE, you can choose between various banks for auto loans, including fixed-rate loans and variable-rate loans, with terms typically ranging from 1 to 7 years.

How does taking a loan for a CX5 2.5L GL (FWD) affect my credit score?

Taking out a loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.

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

Typically, you will need a valid Emirates ID, proof of income, bank statements, and sometimes a credit report.

Are there any fees associated with obtaining a car loan in UAE?

Yes, there may be processing fees, insurance costs, and registration fees that can vary from bank to bank.

What factors influence the interest rate on my auto loan?

Factors include your credit score, loan amount, loan term, and the bank's policies.

CarteaCar Loan Calculator

CX5 2.5L GL (FWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,672

Down Payment

AED 19,800

Total Cost

AED 99,864

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,672	AED 73,392
2	AED 6,672	AED 66,720
3	AED 6,672	AED 60,048
4	AED 6,672	AED 53,376
5	AED 6,672	AED 46,704
6	AED 6,672	AED 40,032
7	AED 6,672	AED 33,360
8	AED 6,672	AED 26,688
9	AED 6,672	AED 20,016
10	AED 6,672	AED 13,344
11	AED 6,672	AED 6,672
12	AED 6,672	AED 0

Monthly Payment Composition

Interest: 72

Principal: 6600

CX5 2.5L GL (FWD) Car Loan Calculator FAQs in UAE

In UAE, you can choose between various banks for auto loans, including fixed-rate loans and variable-rate loans, with terms typically ranging from 1 to 7 years.
Taking out a loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.
Typically, you will need a valid Emirates ID, proof of income, bank statements, and sometimes a credit report.
Yes, there may be processing fees, insurance costs, and registration fees that can vary from bank to bank.
Factors include your credit score, loan amount, loan term, and the bank's policies.