What is the loan process for purchasing a Great Wall POER 2022 2.0T Platinum (4WD) in UAE?

The loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.

Will taking a loan for the Great Wall POER affect my credit score?

Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can negatively impact it.

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

Consider your credit score, monthly income, loan term, interest rates, and any additional fees associated with the loan.

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

Interest rates for car loans in UAE typically range from 2.99% to 6.99%, depending on the bank and your credit profile.

What documents do I need to provide for a car loan application?

You typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Great Wall POER 2022 2.0T Platinum (4WD) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,396

Down Payment

AED 18,980

Total Cost

AED 95,732

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,396	AED 70,356
2	AED 6,396	AED 63,960
3	AED 6,396	AED 57,564
4	AED 6,396	AED 51,168
5	AED 6,396	AED 44,772
6	AED 6,396	AED 38,376
7	AED 6,396	AED 31,980
8	AED 6,396	AED 25,584
9	AED 6,396	AED 19,188
10	AED 6,396	AED 12,792
11	AED 6,396	AED 6,396
12	AED 6,396	AED 0

Monthly Payment Composition

Interest: 70

Principal: 6326

Great Wall POER 2022 2.0T Platinum (4WD) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can negatively impact it.
Consider your credit score, monthly income, loan term, interest rates, and any additional fees associated with the loan.
Interest rates for car loans in UAE typically range from 2.99% to 6.99%, depending on the bank and your credit profile.
You typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.