What are the requirements to apply for a car loan for the Expedition XLT 3.5L (380 HP) RWD in UAE?

To apply for a car loan in UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and details about the vehicle you want to purchase.

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

Taking out a car loan can initially lower your credit score due to the hard inquiry, but if you make consistent payments, it can improve your score over time.

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

Factors that influence the interest rate include your credit score, loan amount, loan term, and the lender's policies.

Can I apply for a car loan online for the Expedition XLT 3.5L (380 HP) RWD?

Yes, many banks in UAE offer online applications for car loans, making the process convenient.

What should I be aware of before taking a car loan in UAE?

Before taking a car loan, be aware of the total cost of the loan, including interest, fees, and whether the loan terms suit your financial situation.

CarteaCar Loan Calculator

Expedition XLT 3.5L (380 HP) RWD Car Loan Calculator in UAE

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

Monthly Payment

AED 17,185

Down Payment

AED 51,000

Total Cost

AED 257,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 17,185	AED 189,035
2	AED 17,185	AED 171,850
3	AED 17,185	AED 154,665
4	AED 17,185	AED 137,480
5	AED 17,185	AED 120,295
6	AED 17,185	AED 103,110
7	AED 17,185	AED 85,925
8	AED 17,185	AED 68,740
9	AED 17,185	AED 51,555
10	AED 17,185	AED 34,370
11	AED 17,185	AED 17,185
12	AED 17,185	AED 0

Monthly Payment Composition

Interest: 185

Principal: 17000

Expedition XLT 3.5L (380 HP) RWD Car Loan Calculator FAQs in UAE

To apply for a car loan in UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and details about the vehicle you want to purchase.
Taking out a car loan can initially lower your credit score due to the hard inquiry, but if you make consistent payments, it can improve your score over time.
Factors that influence the interest rate include your credit score, loan amount, loan term, and the lender's policies.
Yes, many banks in UAE offer online applications for car loans, making the process convenient.
Before taking a car loan, be aware of the total cost of the loan, including interest, fees, and whether the loan terms suit your financial situation.