What are the financing options available for purchasing the Explorer 3.0L EcoBoost ST (AWD) in UAE?

In UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans to purchase the Explorer 3.0L EcoBoost ST (AWD).

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

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

What documents are required to apply for a car loan in UAE?

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

What factors can affect the interest rate on my car loan?

Factors such as your credit score, loan amount, loan term, and the lender's policies can affect the interest rate on your car loan.

Can I pay off my car loan early without penalties in UAE?

Many banks in UAE allow early repayment of car loans without penalties, but it's important to check the terms of your loan agreement.

CarteaCar Loan Calculator

Explorer 3.0L EcoBoost ST (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 15,905

Down Payment

AED 47,200

Total Cost

AED 238,060

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 15,905	AED 174,955
2	AED 15,905	AED 159,050
3	AED 15,905	AED 143,145
4	AED 15,905	AED 127,240
5	AED 15,905	AED 111,335
6	AED 15,905	AED 95,430
7	AED 15,905	AED 79,525
8	AED 15,905	AED 63,620
9	AED 15,905	AED 47,715
10	AED 15,905	AED 31,810
11	AED 15,905	AED 15,905
12	AED 15,905	AED 0

Monthly Payment Composition

Interest: 172

Principal: 15733

Explorer 3.0L EcoBoost ST (AWD) Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans to purchase the Explorer 3.0L EcoBoost ST (AWD).
Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect your score.
You typically need to provide identification, proof of income, bank statements, and details of the vehicle you want to purchase.
Factors such as your credit score, loan amount, loan term, and the lender's policies can affect the interest rate on your car loan.
Many banks in UAE allow early repayment of car loans without penalties, but it's important to check the terms of your loan agreement.