What are the eligibility criteria for a car loan for the G50 Plus Executive Luxury in UAE?

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a valid UAE residency visa, a stable income, and a good credit history.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit score.

What documents are required for applying for a car loan for the G50 Plus Executive Luxury?

Typically, you will need your Emirates ID, salary certificate, bank statements, and a copy of the vehicle's registration to apply for a car loan.

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

Factors that can affect your car loan interest rate include your credit score, loan amount, loan tenure, and the lender's policies.

Is it better to get a loan from a bank or a dealership for the G50 Plus Executive Luxury?

It depends on your personal circumstances. Banks may offer lower interest rates, while dealerships may provide easier approval processes. Compare both options before deciding.

CarteaCar Loan Calculator

G50 Plus Executive Luxury 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 Plus Executive Luxury Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a valid UAE residency visa, a stable income, and a good credit history.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit score.
Typically, you will need your Emirates ID, salary certificate, bank statements, and a copy of the vehicle's registration to apply for a car loan.
Factors that can affect your car loan interest rate include your credit score, loan amount, loan tenure, and the lender's policies.
It depends on your personal circumstances. Banks may offer lower interest rates, while dealerships may provide easier approval processes. Compare both options before deciding.