What is the car loan for the CX5 2.5L Ignite Edition in UAE?

The car loan for the CX5 2.5L Ignite Edition in UAE is a financial product that allows you to borrow money to purchase the vehicle, which you will pay back in installments over a specified period.

How do I apply for a car loan for the CX5 2.5L Ignite Edition?

You can apply for a car loan by visiting a bank or financial institution in UAE, providing necessary documents such as your ID, income proof, and details of the car you wish to purchase.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. A new loan increases your debt-to-income ratio, and timely payments can improve your score while missed payments can lower it.

What should I consider when taking a car loan?

You should consider the interest rates, loan tenure, monthly payments, down payment amount, and any additional fees before taking a car loan.

What factors affect the loan interest rate for a car in UAE?

Factors that affect the loan interest rate include your credit score, loan amount, loan tenure, market rates, and the lender’s policies.

CarteaCar Loan Calculator

CX5 2.5L Ignite Edition Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 126,000

Down PaymentAED 25,200

Monthly PaymentAED 8,492
Total CostAED 127,104
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 8,492	AED 93,412
2	AED 8,492	AED 84,920
3	AED 8,492	AED 76,428
4	AED 8,492	AED 67,936
5	AED 8,492	AED 59,444
6	AED 8,492	AED 50,952
7	AED 8,492	AED 42,460
8	AED 8,492	AED 33,968
9	AED 8,492	AED 25,476
10	AED 8,492	AED 16,984
11	AED 8,492	AED 8,492
12	AED 8,492	AED 0

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CX5 2.5L Ignite Edition Car Loan Calculator FAQs in UAE

The car loan for the CX5 2.5L Ignite Edition in UAE is a financial product that allows you to borrow money to purchase the vehicle, which you will pay back in installments over a specified period.
You can apply for a car loan by visiting a bank or financial institution in UAE, providing necessary documents such as your ID, income proof, and details of the car you wish to purchase.
Yes, taking a car loan can affect your credit score. A new loan increases your debt-to-income ratio, and timely payments can improve your score while missed payments can lower it.
You should consider the interest rates, loan tenure, monthly payments, down payment amount, and any additional fees before taking a car loan.
Factors that affect the loan interest rate include your credit score, loan amount, loan tenure, market rates, and the lender’s policies.