What is the car loan process for purchasing a GLA 200 Premium 1.4L in the UAE?

The car loan process generally involves selecting a lender, submitting required documents, applying for the loan, and then receiving approval before finalizing the purchase.

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

Taking a car loan can affect your credit score positively or negatively depending on your repayment behavior. Consistent, timely payments can improve your score, while defaults can harm it.

What should I be aware of when applying for a car loan for the GLA 200 Premium 1.4L?

When applying for a car loan, be aware of the interest rates, loan terms, additional fees, and your total budget including insurance and maintenance costs.

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

Factors that can affect your car loan interest rate include your credit history, the loan term, the lender's policies, and market conditions.

What documents do I need to apply for a car loan for GLA 200 Premium 1.4L?

Typically, you will need identification documents, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

GLA 200 Premium 1.4L Car Loan Calculator in UAE

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

Monthly Payment

AED 17,852

Down Payment

AED 52,980

Total Cost

AED 267,204

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 17,852	AED 196,372
2	AED 17,852	AED 178,520
3	AED 17,852	AED 160,668
4	AED 17,852	AED 142,816
5	AED 17,852	AED 124,964
6	AED 17,852	AED 107,112
7	AED 17,852	AED 89,260
8	AED 17,852	AED 71,408
9	AED 17,852	AED 53,556
10	AED 17,852	AED 35,704
11	AED 17,852	AED 17,852
12	AED 17,852	AED 0

Monthly Payment Composition

Interest: 192

Principal: 17660

GLA 200 Premium 1.4L Car Loan Calculator FAQs in UAE

The car loan process generally involves selecting a lender, submitting required documents, applying for the loan, and then receiving approval before finalizing the purchase.
Taking a car loan can affect your credit score positively or negatively depending on your repayment behavior. Consistent, timely payments can improve your score, while defaults can harm it.
When applying for a car loan, be aware of the interest rates, loan terms, additional fees, and your total budget including insurance and maintenance costs.
Factors that can affect your car loan interest rate include your credit history, the loan term, the lender's policies, and market conditions.
Typically, you will need identification documents, proof of income, bank statements, and details about the vehicle you wish to purchase.