What is the Edge Trend car loan in the UAE?

The Edge Trend car loan is a financing option provided by banks in the UAE specifically designed for purchasing vehicles. It typically offers competitive interest rates and flexible repayment terms.

How can I apply for an Edge Trend car loan?

You can apply for an Edge Trend car loan by visiting your preferred bank's website or branch, filling out the application form, and providing the necessary documents such as your ID, salary certificate, and vehicle details.

Will taking a car loan affect my credit score?

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

What factors should I consider when taking a car loan?

You should consider the interest rate, loan term, monthly payments, your budget, and any additional fees or charges associated with the loan.

What factors influence the loan interest rates?

Loan interest rates can be influenced by factors such as your credit score, the loan amount, the term of the loan, and the current economic conditions.

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Edge Trend Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 151,095

Down PaymentAED 30,219

Monthly PaymentAED 10,183
Total CostAED 152,415
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 10,183	AED 112,013
2	AED 10,183	AED 101,830
3	AED 10,183	AED 91,647
4	AED 10,183	AED 81,464
5	AED 10,183	AED 71,281
6	AED 10,183	AED 61,098
7	AED 10,183	AED 50,915
8	AED 10,183	AED 40,732
9	AED 10,183	AED 30,549
10	AED 10,183	AED 20,366
11	AED 10,183	AED 10,183
12	AED 10,183	AED 0

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Edge Trend Car Loan Calculator FAQs in UAE

The Edge Trend car loan is a financing option provided by banks in the UAE specifically designed for purchasing vehicles. It typically offers competitive interest rates and flexible repayment terms.
You can apply for an Edge Trend car loan by visiting your preferred bank's website or branch, filling out the application form, and providing the necessary documents such as your ID, salary certificate, and vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
You should consider the interest rate, loan term, monthly payments, your budget, and any additional fees or charges associated with the loan.
Loan interest rates can be influenced by factors such as your credit score, the loan amount, the term of the loan, and the current economic conditions.