What are the main requirements for obtaining a car loan for the ES350 F Sport 3.5L in UAE?

The main requirements typically include proof of income, residency, a valid UAE ID, and a good credit score.

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, but late payments can have a negative effect.

Interest rates for car loans in UAE can vary, but they typically range from 2.5% to 6% depending on the bank and your credit profile.

Factors include your income level, credit history, the down payment amount, and the bank's lending policies.

Be aware of the total cost of the loan, including interest rates, fees, and the terms of repayment. Make sure to read the fine print.

CarteaCar Loan Calculator

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

AED 17,185

AED 51,000

AED 257,220

Interest: 185

Principal: 17000

The main requirements typically include proof of income, residency, a valid UAE ID, and a good credit score.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can have a negative effect.
Interest rates for car loans in UAE can vary, but they typically range from 2.5% to 6% depending on the bank and your credit profile.
Factors include your income level, credit history, the down payment amount, and the bank's lending policies.
Be aware of the total cost of the loan, including interest rates, fees, and the terms of repayment. Make sure to read the fine print.