What is the car loan process for purchasing a Dzire 1.2L GLX in the UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and getting approval based on your credit history and income.

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

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

What factors should I consider when applying for a car loan for the Dzire 1.2L GLX?

When applying for a car loan, consider interest rates, loan tenure, down payment, and your monthly budget for repayments.

What is the typical interest rate for a car loan in the UAE?

The typical interest rate for a car loan in the UAE ranges from 3% to 5% depending on the bank and your credit profile.

What documents are required to apply for a car loan for the Dzire 1.2L GLX?

Typically, you will need to provide proof of identity, income statements, bank statements, and details of the car you wish to purchase.

CarteaCar Loan Calculator

Dzire 1.2L GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 4,044

Down Payment

AED 12,000

Total Cost

AED 60,528

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,044	AED 44,484
2	AED 4,044	AED 40,440
3	AED 4,044	AED 36,396
4	AED 4,044	AED 32,352
5	AED 4,044	AED 28,308
6	AED 4,044	AED 24,264
7	AED 4,044	AED 20,220
8	AED 4,044	AED 16,176
9	AED 4,044	AED 12,132
10	AED 4,044	AED 8,088
11	AED 4,044	AED 4,044
12	AED 4,044	AED 0

Monthly Payment Composition

Interest: 44

Principal: 4000

Dzire 1.2L GLX Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and getting approval based on your credit history and income.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
When applying for a car loan, consider interest rates, loan tenure, down payment, and your monthly budget for repayments.
The typical interest rate for a car loan in the UAE ranges from 3% to 5% depending on the bank and your credit profile.
Typically, you will need to provide proof of identity, income statements, bank statements, and details of the car you wish to purchase.