What is the car loan process for purchasing a Forester 2.0i-L EyeSight in the UAE?

The car loan process typically involves submitting a loan application along with necessary documents, receiving approval from the bank, and then finalizing the purchase with the dealership.

Will taking a car loan affect my credit score in the UAE?

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

What should I be aware of when applying for a car loan for the Forester 2.0i-L EyeSight?

You should be aware of the interest rates, loan terms, any hidden fees, and the total cost of the vehicle, including insurance and registration.

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

Factors include your credit score, the amount of down payment, the loan term, and the lender's policies.

What are the typical documentation requirements for a car loan in the UAE?

Typical documentation includes proof of income, identification documents, residency visa, and bank statements.

CarteaCar Loan Calculator

Forester 2.0i-L EyeSight Car Loan Calculator in UAE

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

Monthly Payment

AED 7,811

Down Payment

AED 23,180

Total Cost

AED 116,912

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,811	AED 85,921
2	AED 7,811	AED 78,110
3	AED 7,811	AED 70,299
4	AED 7,811	AED 62,488
5	AED 7,811	AED 54,677
6	AED 7,811	AED 46,866
7	AED 7,811	AED 39,055
8	AED 7,811	AED 31,244
9	AED 7,811	AED 23,433
10	AED 7,811	AED 15,622
11	AED 7,811	AED 7,811
12	AED 7,811	AED 0

Monthly Payment Composition

Interest: 85

Principal: 7726

Forester 2.0i-L EyeSight Car Loan Calculator FAQs in UAE

The car loan process typically involves submitting a loan application along with necessary documents, receiving approval from the bank, and then finalizing the purchase with the dealership.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can negatively impact it.
You should be aware of the interest rates, loan terms, any hidden fees, and the total cost of the vehicle, including insurance and registration.
Factors include your credit score, the amount of down payment, the loan term, and the lender's policies.
Typical documentation includes proof of income, identification documents, residency visa, and bank statements.