What is the process for obtaining a car loan for the Geely Emgrand GT 2019 3.5L V6 Flagship in the UAE?

The process typically involves checking your credit score, choosing a lender, submitting your application, and providing necessary documents like income proof and identification.

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

Yes, taking a car loan can impact your credit score as it adds to your total debt, but timely repayments can improve your score.

What factors should I consider when applying for a car loan?

Consider the interest rate, loan term, your budget for monthly payments, and any additional fees associated with the loan.

What are the common requirements for securing a car loan in the UAE?

Common requirements include proof of income, residency visa, Emirates ID, and sometimes a down payment.

What factors can influence the loan interest rates in the UAE?

Factors include your credit score, market conditions, the lender's policy, and the loan amount and term.

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

The process typically involves checking your credit score, choosing a lender, submitting your application, and providing necessary documents like income proof and identification.
Yes, taking a car loan can impact your credit score as it adds to your total debt, but timely repayments can improve your score.
Consider the interest rate, loan term, your budget for monthly payments, and any additional fees associated with the loan.
Common requirements include proof of income, residency visa, Emirates ID, and sometimes a down payment.
Factors include your credit score, market conditions, the lender's policy, and the loan amount and term.