What are the loan options available for purchasing a G50 1.3T MT Classic in UAE?

You can choose between personal loans or auto loans specifically designed for vehicle purchases. Various banks in the UAE offer competitive interest rates and flexible repayment terms.

How will taking a loan for the G50 affect my credit score?

Taking a loan will impact your credit score temporarily, especially during the application process. However, making timely payments can positively affect your score over time.

What documents are required for financing a G50 1.3T MT Classic?

Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle. Some banks may require additional documents.

What factors affect the interest rate on a car loan in UAE?

Factors include your credit score, the loan amount, the loan term, and the bank's policies. Additionally, the type of vehicle can also influence the rate.

What should I be aware of before applying for a car loan for a G50?

Be aware of the total cost of the loan including interest, any hidden fees, and ensure you can meet the monthly payments comfortably. Also, compare offers from different banks.

CarteaCar Loan Calculator

G50 1.3T MT Classic Car Loan Calculator in UAE

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

Monthly Payment

AED 4,819

Down Payment

AED 14,300

Total Cost

AED 72,128

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,819	AED 53,009
2	AED 4,819	AED 48,190
3	AED 4,819	AED 43,371
4	AED 4,819	AED 38,552
5	AED 4,819	AED 33,733
6	AED 4,819	AED 28,914
7	AED 4,819	AED 24,095
8	AED 4,819	AED 19,276
9	AED 4,819	AED 14,457
10	AED 4,819	AED 9,638
11	AED 4,819	AED 4,819
12	AED 4,819	AED 0

Monthly Payment Composition

Interest: 53

Principal: 4766

G50 1.3T MT Classic Car Loan Calculator FAQs in UAE

You can choose between personal loans or auto loans specifically designed for vehicle purchases. Various banks in the UAE offer competitive interest rates and flexible repayment terms.
Taking a loan will impact your credit score temporarily, especially during the application process. However, making timely payments can positively affect your score over time.
Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle. Some banks may require additional documents.
Factors include your credit score, the loan amount, the loan term, and the bank's policies. Additionally, the type of vehicle can also influence the rate.
Be aware of the total cost of the loan including interest, any hidden fees, and ensure you can meet the monthly payments comfortably. Also, compare offers from different banks.