What is the process for obtaining a car loan for a Fortuner 2.7L EXR in UAE?

The process typically involves selecting the car, applying for the loan through a bank or financial institution, submitting required documents, and awaiting approval.

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

Yes, taking a car loan can affect your credit score, especially if you miss payments. Timely payments can improve your score.

What factors should I consider when applying for a Fortuner 2.7L EXR car loan?

Consider your income, credit score, loan terms, interest rates, and any additional fees involved in the loan.

What is the typical interest rate for a car loan in UAE?

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

Are there any hidden fees when taking a car loan for Fortuner 2.7L EXR?

Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. It's important to clarify these before signing the agreement.

CarteaCar Loan Calculator

Fortuner 2.7L EXR Car Loan Calculator in UAE

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

Monthly Payment

AED 8,552

Down Payment

AED 25,380

Total Cost

AED 128,004

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,552	AED 94,072
2	AED 8,552	AED 85,520
3	AED 8,552	AED 76,968
4	AED 8,552	AED 68,416
5	AED 8,552	AED 59,864
6	AED 8,552	AED 51,312
7	AED 8,552	AED 42,760
8	AED 8,552	AED 34,208
9	AED 8,552	AED 25,656
10	AED 8,552	AED 17,104
11	AED 8,552	AED 8,552
12	AED 8,552	AED 0

Monthly Payment Composition

Interest: 92

Principal: 8460

Fortuner 2.7L EXR Car Loan Calculator FAQs in UAE

The process typically involves selecting the car, applying for the loan through a bank or financial institution, submitting required documents, and awaiting approval.
Yes, taking a car loan can affect your credit score, especially if you miss payments. Timely payments can improve your score.
Consider your income, credit score, loan terms, interest rates, and any additional fees involved in the loan.
Interest rates for car loans in UAE typically range from 3% to 6%, depending on the bank and your credit profile.
Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. It's important to clarify these before signing the agreement.