What is the car loan process for purchasing a Grand Vitara GLX 1.5L Hybrid in the UAE?

The car loan process typically involves choosing a lender, submitting your application along with necessary documents, getting pre-approved, and then finalizing the loan agreement after choosing your vehicle.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while late payments can harm it.

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

You should consider your budget, interest rates, loan tenure, your credit history, and any additional fees.

What are the interest rates for car loans in the UAE for the Grand Vitara GLX 1.5L Hybrid?

Interest rates for car loans in the UAE can vary between lenders, but they typically range from 3% to 5% depending on your credit score and loan amount.

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

Common documents required include your Emirates ID, salary certificate, bank statements, and proof of residence.

CarteaCar Loan Calculator

Grand Vitara GLX 1.5L Hybrid Car Loan Calculator in UAE

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

Monthly Payment

AED 9,435

Down Payment

AED 28,000

Total Cost

AED 141,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,435	AED 103,785
2	AED 9,435	AED 94,350
3	AED 9,435	AED 84,915
4	AED 9,435	AED 75,480
5	AED 9,435	AED 66,045
6	AED 9,435	AED 56,610
7	AED 9,435	AED 47,175
8	AED 9,435	AED 37,740
9	AED 9,435	AED 28,305
10	AED 9,435	AED 18,870
11	AED 9,435	AED 9,435
12	AED 9,435	AED 0

Monthly Payment Composition

Interest: 102

Principal: 9333

Grand Vitara GLX 1.5L Hybrid Car Loan Calculator FAQs in UAE

The car loan process typically involves choosing a lender, submitting your application along with necessary documents, getting pre-approved, and then finalizing the loan agreement after choosing your vehicle.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while late payments can harm it.
You should consider your budget, interest rates, loan tenure, your credit history, and any additional fees.
Interest rates for car loans in the UAE can vary between lenders, but they typically range from 3% to 5% depending on your credit score and loan amount.
Common documents required include your Emirates ID, salary certificate, bank statements, and proof of residence.