What are the financing options available for purchasing a CX5 2.5L GT (AWD) in the UAE?

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing a CX5 2.5L GT (AWD). Each option has different terms and conditions.

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

Taking a car loan can affect your credit score positively by showing responsible borrowing and timely repayments, but missing payments can negatively impact your score.

What documents are required to apply for a car loan in the UAE?

Typically, you will need your Emirates ID, passport, proof of income (salary certificate), and bank statements to apply for a car loan in the UAE.

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

Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

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

Yes, in addition to interest, you may encounter processing fees, insurance fees, and early repayment penalties depending on the lender.

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CX5 2.5L GT (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 7,090

Down Payment

AED 21,040

Total Cost

AED 106,120

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,090	AED 77,990
2	AED 7,090	AED 70,900
3	AED 7,090	AED 63,810
4	AED 7,090	AED 56,720
5	AED 7,090	AED 49,630
6	AED 7,090	AED 42,540
7	AED 7,090	AED 35,450
8	AED 7,090	AED 28,360
9	AED 7,090	AED 21,270
10	AED 7,090	AED 14,180
11	AED 7,090	AED 7,090
12	AED 7,090	AED 0

Monthly Payment Composition

Interest: 77

Principal: 7013

CX5 2.5L GT (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing a CX5 2.5L GT (AWD). Each option has different terms and conditions.
Taking a car loan can affect your credit score positively by showing responsible borrowing and timely repayments, but missing payments can negatively impact your score.
Typically, you will need your Emirates ID, passport, proof of income (salary certificate), and bank statements to apply for a car loan in the UAE.
Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, in addition to interest, you may encounter processing fees, insurance fees, and early repayment penalties depending on the lender.