What is the auto loan process for purchasing the Elantra N 2.0T (276HP) A/T in the UAE?

The auto loan process typically involves selecting a bank, submitting your income and identification documents, filling out a loan application, and awaiting approval. After approval, you can finalize the purchase with the dealer.

Will taking out a loan for the Elantra N 2.0T (276HP) A/T affect my credit score?

Yes, applying for a loan can impact your credit score, especially if multiple inquiries are made in a short period. However, timely payments can help improve your score.

What factors should I consider when applying for an auto loan for the Elantra N 2.0T (276HP) A/T?

Consider your budget, the interest rate, the loan term, and any additional fees. It's also important to check your credit history and ensure you can meet the monthly payments.

How does the interest rate on my auto loan for the Elantra N 2.0T (276HP) A/T affect my overall cost?

The interest rate directly affects your monthly payments and the total amount paid over the life of the loan. A lower interest rate means lower total costs.

What is the typical loan term for financing the Elantra N 2.0T (276HP) A/T in the UAE?

Typical loan terms in the UAE range from 1 to 5 years, with some banks offering longer terms depending on your financial profile and the vehicle's value.

CarteaCar Loan Calculator

Elantra N 2.0T (276HP) A/T Car Loan Calculator in UAE

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

Monthly Payment

AED 8,761

Down Payment

AED 26,000

Total Cost

AED 131,132

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,761	AED 96,371
2	AED 8,761	AED 87,610
3	AED 8,761	AED 78,849
4	AED 8,761	AED 70,088
5	AED 8,761	AED 61,327
6	AED 8,761	AED 52,566
7	AED 8,761	AED 43,805
8	AED 8,761	AED 35,044
9	AED 8,761	AED 26,283
10	AED 8,761	AED 17,522
11	AED 8,761	AED 8,761
12	AED 8,761	AED 0

Monthly Payment Composition

Interest: 95

Principal: 8666

Elantra N 2.0T (276HP) A/T Car Loan Calculator FAQs in UAE

The auto loan process typically involves selecting a bank, submitting your income and identification documents, filling out a loan application, and awaiting approval. After approval, you can finalize the purchase with the dealer.
Yes, applying for a loan can impact your credit score, especially if multiple inquiries are made in a short period. However, timely payments can help improve your score.
Consider your budget, the interest rate, the loan term, and any additional fees. It's also important to check your credit history and ensure you can meet the monthly payments.
The interest rate directly affects your monthly payments and the total amount paid over the life of the loan. A lower interest rate means lower total costs.
Typical loan terms in the UAE range from 1 to 5 years, with some banks offering longer terms depending on your financial profile and the vehicle's value.