Explorer 2.3L EcoBoost Limited AWD Car Loan Calculator in UAE

The car loan process typically involves selecting a lender, submitting required documents, and completing an application. Once approved, you'll receive the loan amount to purchase the vehicle.

Yes, taking out a loan can affect your credit score. It may initially lower your score due to the hard inquiry, but timely repayments can improve it over time.

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

You typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.

Some lenders may impose prepayment penalties, while others may not. It's important to check the terms of your loan agreement for any such charges.