What is the car loan process for purchasing an Everest XLS 2.3L in the UAE?

The car loan process typically involves selecting a lender, submitting necessary documents, getting the loan approved, and then finalizing the purchase with the dealership.

Will taking a car loan for the Everest XLS 2.3L affect my credit score?

Yes, taking a car loan can impact your credit score. It may lower your score initially due to the hard inquiry and increased debt, but timely payments can improve it over time.

What factors should I consider when applying for a car loan for the Everest XLS 2.3L?

Consider factors such as interest rates, loan term, down payment, your credit history, and any additional fees associated with the loan.

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

Interest rates for car loans in the UAE generally range from 3% to 5%, depending on the lender and your credit profile.

Can I refinance my car loan for the Everest XLS 2.3L later?

Yes, you can refinance your car loan later if you find better interest rates or want to adjust the loan term.

CarteaCar Loan Calculator

Everest XLS 2.3L Car Loan Calculator in UAE

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

Monthly Payment

AED 10,608

Down Payment

AED 31,479

Total Cost

AED 158,775

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,608	AED 116,688
2	AED 10,608	AED 106,080
3	AED 10,608	AED 95,472
4	AED 10,608	AED 84,864
5	AED 10,608	AED 74,256
6	AED 10,608	AED 63,648
7	AED 10,608	AED 53,040
8	AED 10,608	AED 42,432
9	AED 10,608	AED 31,824
10	AED 10,608	AED 21,216
11	AED 10,608	AED 10,608
12	AED 10,608	AED 0

Monthly Payment Composition

Interest: 115

Principal: 10493

Everest XLS 2.3L Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting necessary documents, getting the loan approved, and then finalizing the purchase with the dealership.
Yes, taking a car loan can impact your credit score. It may lower your score initially due to the hard inquiry and increased debt, but timely payments can improve it over time.
Consider factors such as interest rates, loan term, down payment, your credit history, and any additional fees associated with the loan.
Interest rates for car loans in the UAE generally range from 3% to 5%, depending on the lender and your credit profile.
Yes, you can refinance your car loan later if you find better interest rates or want to adjust the loan term.