What is the loan process for purchasing a GLB 250 4MATIC 2.0L in the UAE?

The loan process typically involves selecting a bank, submitting required documents, and completing an application. Once approved, you will receive the loan amount to pay for the car.

Will taking a loan for the GLB 250 4MATIC 2.0L affect my credit score?

Yes, applying for a loan can affect your credit score. Lenders will perform a credit inquiry, which may temporarily lower your score.

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

Consider the interest rates, loan terms, your income, and existing debts. Additionally, check if there are any hidden fees.

What are the current interest rates for car loans in the UAE?

Interest rates vary by bank and can range from 2.99% to 5.99%. It’s best to shop around and compare offers.

How does the exchange rate affect my car loan in the UAE?

If your loan is in a foreign currency, fluctuations in the exchange rate can affect your repayments. It’s important to consider this when borrowing.

CarteaCar Loan Calculator

GLB 250 4MATIC 2.0L Car Loan Calculator in UAE

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

Monthly Payment

AED 21,289

Down Payment

AED 63,180

Total Cost

AED 318,648

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 21,289	AED 234,179
2	AED 21,289	AED 212,890
3	AED 21,289	AED 191,601
4	AED 21,289	AED 170,312
5	AED 21,289	AED 149,023
6	AED 21,289	AED 127,734
7	AED 21,289	AED 106,445
8	AED 21,289	AED 85,156
9	AED 21,289	AED 63,867
10	AED 21,289	AED 42,578
11	AED 21,289	AED 21,289
12	AED 21,289	AED 0

Monthly Payment Composition

Interest: 229

Principal: 21060

GLB 250 4MATIC 2.0L Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a bank, submitting required documents, and completing an application. Once approved, you will receive the loan amount to pay for the car.
Yes, applying for a loan can affect your credit score. Lenders will perform a credit inquiry, which may temporarily lower your score.
Consider the interest rates, loan terms, your income, and existing debts. Additionally, check if there are any hidden fees.
Interest rates vary by bank and can range from 2.99% to 5.99%. It’s best to shop around and compare offers.
If your loan is in a foreign currency, fluctuations in the exchange rate can affect your repayments. It’s important to consider this when borrowing.