What is the car loan process for purchasing a G70 3.3T Royal in UAE?

The car loan process typically involves choosing a bank, submitting your documents, getting pre-approved, selecting the car, and finalizing the loan agreement.

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

Yes, applying for a car loan can impact your credit score as it involves a hard inquiry. However, timely payments can improve your score over time.

What are the key factors to consider when applying for a car loan?

Consider the interest rate, the loan term, monthly payments, total cost of the loan, and any additional fees or insurance requirements.

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

Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions and central bank rates also play a role.

Can I refinance my car loan after purchasing the G70 3.3T Royal?

Yes, you can refinance your car loan if you find better terms or rates. It may help reduce your monthly payments or overall interest.

CarteaCar Loan Calculator

G70 3.3T Royal Car Loan Calculator in UAE

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

Monthly Payment

AED 14,490

Down Payment

AED 43,000

Total Cost

AED 216,880

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,490	AED 159,390
2	AED 14,490	AED 144,900
3	AED 14,490	AED 130,410
4	AED 14,490	AED 115,920
5	AED 14,490	AED 101,430
6	AED 14,490	AED 86,940
7	AED 14,490	AED 72,450
8	AED 14,490	AED 57,960
9	AED 14,490	AED 43,470
10	AED 14,490	AED 28,980
11	AED 14,490	AED 14,490
12	AED 14,490	AED 0

Monthly Payment Composition

Interest: 157

Principal: 14333

G70 3.3T Royal Car Loan Calculator FAQs in UAE

The car loan process typically involves choosing a bank, submitting your documents, getting pre-approved, selecting the car, and finalizing the loan agreement.
Yes, applying for a car loan can impact your credit score as it involves a hard inquiry. However, timely payments can improve your score over time.
Consider the interest rate, the loan term, monthly payments, total cost of the loan, and any additional fees or insurance requirements.
Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions and central bank rates also play a role.
Yes, you can refinance your car loan if you find better terms or rates. It may help reduce your monthly payments or overall interest.