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

The car loan process typically involves selecting a lender, submitting required documents, filling out a loan application, and undergoing credit evaluation before approval.

How does taking a loan for the Elantra N 2.0T (276HP) M/T affect my credit score?

Taking a loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score in the long run.

What factors should I consider when applying for a car loan for the Elantra N 2.0T (276HP) M/T?

Consider your credit score, loan term, interest rates, monthly payments, and the total cost of the loan, including fees.

What are the typical interest rates for car loans in UAE for the Elantra N 2.0T (276HP) M/T?

Interest rates for car loans in UAE typically range from 3% to 6%, depending on the bank and your credit profile.

Can I pay off my Elantra N 2.0T (276HP) M/T loan early without penalties?

Many banks allow early repayment without penalties, but it's best to check with your lender for their specific policies.

CarteaCar Loan Calculator

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

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

Monthly Payment

AED 8,357

Down Payment

AED 24,800

Total Cost

AED 125,084

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,357	AED 91,927
2	AED 8,357	AED 83,570
3	AED 8,357	AED 75,213
4	AED 8,357	AED 66,856
5	AED 8,357	AED 58,499
6	AED 8,357	AED 50,142
7	AED 8,357	AED 41,785
8	AED 8,357	AED 33,428
9	AED 8,357	AED 25,071
10	AED 8,357	AED 16,714
11	AED 8,357	AED 8,357
12	AED 8,357	AED 0

Monthly Payment Composition

Interest: 91

Principal: 8266

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

The car loan process typically involves selecting a lender, submitting required documents, filling out a loan application, and undergoing credit evaluation before approval.
Taking a loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score in the long run.
Consider your credit score, loan term, interest rates, monthly payments, and the total cost of the loan, including fees.
Interest rates for car loans in UAE typically range from 3% to 6%, depending on the bank and your credit profile.
Many banks allow early repayment without penalties, but it's best to check with your lender for their specific policies.