What are the eligibility criteria for getting a car loan for a Fortuner EXR 2.7L in UAE?

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a steady income, and provide necessary documents such as your Emirates ID, salary certificate, and bank statements.

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

Taking a car loan can affect your credit score positively or negatively. Timely repayments can improve your score, while missed payments can damage it.

What documents are required to apply for a car loan for a Fortuner EXR 2.7L?

You will generally need to submit your Emirates ID, salary certificate, bank statements for the past 3-6 months, and a copy of the vehicle's registration.

What factors can affect the interest rate for my car loan in UAE?

The interest rate on your car loan can be affected by your credit score, the loan amount, the loan term, and the bank's policies.

Are there any prepayment penalties for early repayment of my car loan?

Some banks may impose prepayment penalties, while others may allow early repayment without fees. Always check with your lender for their specific policy.

CarteaCar Loan Calculator

Fortuner EXR 2.7L (164 HP) 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 EXR 2.7L (164 HP) Car Loan Calculator FAQs in UAE

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a steady income, and provide necessary documents such as your Emirates ID, salary certificate, and bank statements.
Taking a car loan can affect your credit score positively or negatively. Timely repayments can improve your score, while missed payments can damage it.
You will generally need to submit your Emirates ID, salary certificate, bank statements for the past 3-6 months, and a copy of the vehicle's registration.
The interest rate on your car loan can be affected by your credit score, the loan amount, the loan term, and the bank's policies.
Some banks may impose prepayment penalties, while others may allow early repayment without fees. Always check with your lender for their specific policy.