Figo 1.5L Trend H/B Car Loan Calculator in UAE

The car loan process generally involves applying for a loan through a bank or financial institution, providing necessary documents, and getting approval based on your credit score and income.

Yes, applying for a car loan may temporarily lower your credit score due to the hard inquiry made by lenders, but if you make timely payments, it can improve your score over time.

Consider your monthly budget, interest rates, loan tenure, and any additional fees involved in the loan agreement.

Interest rates for car loans in the UAE typically range from 3% to 6%, depending on the bank and your credit profile.

If your loan is in a foreign currency, fluctuations in exchange rates can affect your repayment amount, potentially increasing it if the local currency depreciates.