What is the car loan process for purchasing an EQE 350 SUV 4MATIC in the UAE?

The car loan process typically involves applying through a bank or financial institution, submitting necessary documents, and receiving approval based on your creditworthiness and income.

Will taking a car loan affect my credit score in the UAE?

Yes, taking a car loan can impact your credit score as it adds to your credit utilization and shows your ability to manage debt.

What should I be aware of when applying for a car loan for an EQE 350 SUV 4MATIC?

Be aware of the interest rates, loan tenure, monthly payments, and any additional fees or insurance requirements.

What factors can affect the loan interest rate for a car loan in the UAE?

Factors include your credit score, the amount of down payment, the loan term, and the current market conditions.

How much can I borrow for a car loan in the UAE for the EQE 350 SUV 4MATIC?

The amount you can borrow will depend on your income, credit score, and the bank's lending policies; typically, banks offer loans covering up to 80-90% of the car's value.

CarteaCar Loan Calculator

EQE 350 SUV 4MATIC Car Loan Calculator in UAE

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

Monthly Payment

AED 31,263

Down Payment

AED 92,780

Total Cost

AED 467,936

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 31,263	AED 343,893
2	AED 31,263	AED 312,630
3	AED 31,263	AED 281,367
4	AED 31,263	AED 250,104
5	AED 31,263	AED 218,841
6	AED 31,263	AED 187,578
7	AED 31,263	AED 156,315
8	AED 31,263	AED 125,052
9	AED 31,263	AED 93,789
10	AED 31,263	AED 62,526
11	AED 31,263	AED 31,263
12	AED 31,263	AED 0

Monthly Payment Composition

Interest: 337

Principal: 30926

EQE 350 SUV 4MATIC Car Loan Calculator FAQs in UAE

The car loan process typically involves applying through a bank or financial institution, submitting necessary documents, and receiving approval based on your creditworthiness and income.
Yes, taking a car loan can impact your credit score as it adds to your credit utilization and shows your ability to manage debt.
Be aware of the interest rates, loan tenure, monthly payments, and any additional fees or insurance requirements.
Factors include your credit score, the amount of down payment, the loan term, and the current market conditions.
The amount you can borrow will depend on your income, credit score, and the bank's lending policies; typically, banks offer loans covering up to 80-90% of the car's value.