What are the financing options available for purchasing a Geely Emgrand GT 2019 3.5L V6 Elegance in UAE?

In UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It's important to compare interest rates and terms before making a decision.

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 payments can improve your score, while missed payments can lower it.

What documents are required to apply for a car loan in UAE?

Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle you intend to purchase. Additional documents may be required by the lender.

What factors affect the interest rate for my car loan?

Factors that affect interest rates include your credit score, loan amount, loan term, and the lender's policies. Market conditions also play a role.

Are there any hidden fees I should be aware of when taking a car loan?

Yes, potential hidden fees may include processing fees, early repayment penalties, or insurance costs. Always read the loan agreement carefully to avoid surprises.

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Geely Emgrand GT 2019 3.5L V6 Elegance Car Loan Calculator in UAE

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

Monthly Payment

AED 4,650

Down Payment

AED 13,800

Total Cost

AED 69,600

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,650	AED 51,150
2	AED 4,650	AED 46,500
3	AED 4,650	AED 41,850
4	AED 4,650	AED 37,200
5	AED 4,650	AED 32,550
6	AED 4,650	AED 27,900
7	AED 4,650	AED 23,250
8	AED 4,650	AED 18,600
9	AED 4,650	AED 13,950
10	AED 4,650	AED 9,300
11	AED 4,650	AED 4,650
12	AED 4,650	AED 0

Monthly Payment Composition

Interest: 50

Principal: 4600

Geely Emgrand GT 2019 3.5L V6 Elegance Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It's important to compare interest rates and terms before making a decision.
Taking a car loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle you intend to purchase. Additional documents may be required by the lender.
Factors that affect interest rates include your credit score, loan amount, loan term, and the lender's policies. Market conditions also play a role.
Yes, potential hidden fees may include processing fees, early repayment penalties, or insurance costs. Always read the loan agreement carefully to avoid surprises.