What are the loan options available for purchasing the ES350 Platinum 3.5L in UAE?

In the UAE, various banks offer car loans for the ES350 Platinum 3.5L, typically with terms ranging from 1 to 5 years, with interest rates varying based on your credit score and the bank's policies.

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

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

What documents do I need to apply for a car loan for the ES350 Platinum 3.5L?

You will generally need to provide your Emirates ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

Factors include your credit score, the loan amount, the term of the loan, and the current market rates set by the bank.

Are there any additional fees when applying for a car loan in UAE?

Yes, you may encounter processing fees, insurance requirements, and registration fees, which can vary between lenders.

CarteaCar Loan Calculator

ES350 Platinum 3.5L Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 265,000

Down PaymentAED 53,000

Monthly PaymentAED 17,859
Total CostAED 267,308
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 17,859	AED 196,449
2	AED 17,859	AED 178,590
3	AED 17,859	AED 160,731
4	AED 17,859	AED 142,872
5	AED 17,859	AED 125,013
6	AED 17,859	AED 107,154
7	AED 17,859	AED 89,295
8	AED 17,859	AED 71,436
9	AED 17,859	AED 53,577
10	AED 17,859	AED 35,718
11	AED 17,859	AED 17,859
12	AED 17,859	AED 0

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ES350 Platinum 3.5L Car Loan Calculator FAQs in UAE

In the UAE, various banks offer car loans for the ES350 Platinum 3.5L, typically with terms ranging from 1 to 5 years, with interest rates varying based on your credit score and the bank's policies.
Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your score.
You will generally need to provide your Emirates ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors include your credit score, the loan amount, the term of the loan, and the current market rates set by the bank.
Yes, you may encounter processing fees, insurance requirements, and registration fees, which can vary between lenders.