What are the financing options available for purchasing an EQS 53 AMG 4MATIC+ in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

What should I be aware of when applying for a car loan in the UAE?

Be aware of the interest rates, loan terms, processing fees, and any additional costs associated with the loan. It's crucial to read the fine print.

What factors can affect the interest rate on my car loan in the UAE?

Factors include your credit score, the loan amount, the term of the loan, and the lender's policies. A higher credit score usually results in a lower interest rate.

How long does it take to get approval for a car loan in the UAE?

Approval times can vary, but typically it takes anywhere from a few hours to a few days, depending on the lender and the completeness of your application.

CarteaCar Loan Calculator

EQS 53 AMG 4MATIC+ Car Loan Calculator in UAE

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

Monthly Payment

AED 54,513

Down Payment

AED 161,780

Total Cost

AED 815,936

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 54,513	AED 599,643
2	AED 54,513	AED 545,130
3	AED 54,513	AED 490,617
4	AED 54,513	AED 436,104
5	AED 54,513	AED 381,591
6	AED 54,513	AED 327,078
7	AED 54,513	AED 272,565
8	AED 54,513	AED 218,052
9	AED 54,513	AED 163,539
10	AED 54,513	AED 109,026
11	AED 54,513	AED 54,513
12	AED 54,513	AED 0

Monthly Payment Composition

Interest: 587

Principal: 53926

EQS 53 AMG 4MATIC+ Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
Be aware of the interest rates, loan terms, processing fees, and any additional costs associated with the loan. It's crucial to read the fine print.
Factors include your credit score, the loan amount, the term of the loan, and the lender's policies. A higher credit score usually results in a lower interest rate.
Approval times can vary, but typically it takes anywhere from a few hours to a few days, depending on the lender and the completeness of your application.