What is the car loan process for purchasing an EQE 300 Std RWD in the UAE?

The car loan process typically involves applying at a bank or financial institution, submitting required documents, and awaiting approval. Once approved, you can finalize your purchase.

Will taking a car loan for the EQE 300 Std RWD affect my credit score?

Yes, taking a car loan can impact your credit score. Timely payments can improve it, but missed payments can harm it.

What factors should I consider before applying for a car loan in the UAE?

Consider your income, credit score, the total cost of the car, interest rates, and loan terms before applying.

What are the common interest rates for car loans in the UAE?

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

How does my employment status affect my car loan application?

Your employment status can significantly affect your loan application. Stable employment is viewed favorably by lenders, while unemployment or frequent job changes may lead to rejection.

CarteaCar Loan Calculator

EQE 300 Std RWD Car Loan Calculator in UAE

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

Monthly Payment

AED 28,231

Down Payment

AED 83,780

Total Cost

AED 422,552

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 28,231	AED 310,541
2	AED 28,231	AED 282,310
3	AED 28,231	AED 254,079
4	AED 28,231	AED 225,848
5	AED 28,231	AED 197,617
6	AED 28,231	AED 169,386
7	AED 28,231	AED 141,155
8	AED 28,231	AED 112,924
9	AED 28,231	AED 84,693
10	AED 28,231	AED 56,462
11	AED 28,231	AED 28,231
12	AED 28,231	AED 0

Monthly Payment Composition

Interest: 305

Principal: 27926

EQE 300 Std RWD Car Loan Calculator FAQs in UAE

The car loan process typically involves applying at a bank or financial institution, submitting required documents, and awaiting approval. Once approved, you can finalize your purchase.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, but missed payments can harm it.
Consider your income, credit score, the total cost of the car, interest rates, and loan terms before applying.
Common interest rates for car loans in the UAE generally range from 3% to 6%, depending on the bank and your credit profile.
Your employment status can significantly affect your loan application. Stable employment is viewed favorably by lenders, while unemployment or frequent job changes may lead to rejection.