What is the car loan for the Explorer Base 100A 2.3L 4WD in the UAE?

The car loan for the Explorer Base 100A 2.3L 4WD in the UAE is a financing option offered by banks to help you purchase the vehicle. It typically covers a percentage of the car's value, with flexible repayment terms.

How can I apply for a car loan for the Explorer Base 100A 2.3L 4WD?

To apply for a car loan, you need to visit a bank or financial institution, provide necessary documentation such as proof of income, residency, and identification, and fill out a loan application form.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. Timely repayments can improve your credit score, while missed payments can harm it.

What should I be aware of when taking a car loan?

Be aware of the interest rates, loan tenure, processing fees, and the total cost of the car, including insurance and registration fees. Also, ensure you understand the terms and conditions of the loan.

What factors affect the car loan interest rates?

Factors affecting car loan interest rates include your credit score, the loan amount, the loan duration, the bank's policies, and prevailing market conditions.

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Explorer Base 100A 2.3L 4WD 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

Explorer Base 100A 2.3L 4WD Car Loan Calculator FAQs in UAE

The car loan for the Explorer Base 100A 2.3L 4WD in the UAE is a financing option offered by banks to help you purchase the vehicle. It typically covers a percentage of the car's value, with flexible repayment terms.
To apply for a car loan, you need to visit a bank or financial institution, provide necessary documentation such as proof of income, residency, and identification, and fill out a loan application form.
Yes, taking a car loan can impact your credit score. Timely repayments can improve your credit score, while missed payments can harm it.
Be aware of the interest rates, loan tenure, processing fees, and the total cost of the car, including insurance and registration fees. Also, ensure you understand the terms and conditions of the loan.
Factors affecting car loan interest rates include your credit score, the loan amount, the loan duration, the bank's policies, and prevailing market conditions.