What is the car loan process for the EQE 350+ Premium+ in the UAE?

The car loan process typically involves choosing a lender, submitting an application, providing required documents, and awaiting approval before finalizing the purchase.

Will taking out a car loan for the EQE 350+ Premium+ affect my credit score?

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

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

Consider your credit score, the loan interest rates, loan terms, monthly payment affordability, and any additional fees.

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

Interest rates for car loans in the UAE typically range from 3% to 6% depending on the lender and your creditworthiness.

What documents are required for a car loan application in the UAE?

Common documents include your Emirates ID, salary certificate, bank statements, and proof of residence.

CarteaCar Loan Calculator

EQE 350+ Premium + Car Loan Calculator in UAE

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

Monthly Payment

AED 29,578

Down Payment

AED 87,780

Total Cost

AED 442,716

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 29,578	AED 325,358
2	AED 29,578	AED 295,780
3	AED 29,578	AED 266,202
4	AED 29,578	AED 236,624
5	AED 29,578	AED 207,046
6	AED 29,578	AED 177,468
7	AED 29,578	AED 147,890
8	AED 29,578	AED 118,312
9	AED 29,578	AED 88,734
10	AED 29,578	AED 59,156
11	AED 29,578	AED 29,578
12	AED 29,578	AED 0

Monthly Payment Composition

Interest: 318

Principal: 29260

EQE 350+ Premium + Car Loan Calculator FAQs in UAE

The car loan process typically involves choosing a lender, submitting an application, providing required documents, and awaiting approval before finalizing the purchase.
Yes, taking out a car loan can affect your credit score. Timely payments can improve it, while missed payments can harm it.
Consider your credit score, the loan interest rates, loan terms, monthly payment affordability, and any additional fees.
Interest rates for car loans in the UAE typically range from 3% to 6% depending on the lender and your creditworthiness.
Common documents include your Emirates ID, salary certificate, bank statements, and proof of residence.