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

Monthly Payment

AED 20,292

Down Payment

AED 60,219

Total Cost

AED 303,723

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 20,292	AED 223,212
2	AED 20,292	AED 202,920
3	AED 20,292	AED 182,628
4	AED 20,292	AED 162,336
5	AED 20,292	AED 142,044
6	AED 20,292	AED 121,752
7	AED 20,292	AED 101,460
8	AED 20,292	AED 81,168
9	AED 20,292	AED 60,876
10	AED 20,292	AED 40,584
11	AED 20,292	AED 20,292
12	AED 20,292	AED 0

Monthly Payment Composition

Interest: 219

Principal: 20073

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.