What are the financing options available for the Eclipse Cross 1.5T GLS (Mid Option) in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It's best to compare interest rates and terms to find the best option for you.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit history.

What documents do I need to apply for a car loan for the Eclipse Cross in the UAE?

Typically, you will need your Emirates ID, proof of income (salary slip or bank statement), and details about the vehicle you wish to purchase. Some banks may require additional documents.

What are the factors that could affect the interest rate on my car loan in the UAE?

Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates. A higher credit score often results in lower interest rates.

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

Yes, some banks may charge processing fees, early repayment fees, or insurance costs. It's important to read the loan agreement carefully and ask about any potential fees.

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Eclipse Cross 1.5T GLS (Mid Option) Car Loan Calculator in UAE

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

Monthly Payment

AED 5,318

Down Payment

AED 15,780

Total Cost

AED 79,596

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,318	AED 58,498
2	AED 5,318	AED 53,180
3	AED 5,318	AED 47,862
4	AED 5,318	AED 42,544
5	AED 5,318	AED 37,226
6	AED 5,318	AED 31,908
7	AED 5,318	AED 26,590
8	AED 5,318	AED 21,272
9	AED 5,318	AED 15,954
10	AED 5,318	AED 10,636
11	AED 5,318	AED 5,318
12	AED 5,318	AED 0

Monthly Payment Composition

Interest: 58

Principal: 5260

Eclipse Cross 1.5T GLS (Mid Option) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It's best to compare interest rates and terms to find the best option for you.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit history.
Typically, you will need your Emirates ID, proof of income (salary slip or bank statement), and details about the vehicle you wish to purchase. Some banks may require additional documents.
Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates. A higher credit score often results in lower interest rates.
Yes, some banks may charge processing fees, early repayment fees, or insurance costs. It's important to read the loan agreement carefully and ask about any potential fees.