What are the requirements for obtaining a car loan for the Grecale Modena in UAE?

To obtain a car loan for the Grecale Modena in UAE, you typically need to provide proof of income, valid identification, residency proof, and sometimes a down payment.

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

A car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your score.

What factors can affect the interest rate on my car loan for the Grecale Modena?

Factors that can affect the interest rate include your credit score, loan amount, loan term, and the lender's policies.

What is the typical loan term for a car loan in the UAE?

The typical loan term for a car loan in the UAE ranges from 1 to 5 years, depending on the lender and your financial situation.

Are there any hidden fees associated with car loans in the UAE?

Yes, some lenders may charge processing fees, insurance fees, and early repayment penalties. It's important to review the loan agreement carefully.

CarteaCar Loan Calculator

Grecale Modena Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 385,000

Down PaymentAED 77,000

Monthly PaymentAED 25,946
Total CostAED 388,352
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 25,946	AED 285,406
2	AED 25,946	AED 259,460
3	AED 25,946	AED 233,514
4	AED 25,946	AED 207,568
5	AED 25,946	AED 181,622
6	AED 25,946	AED 155,676
7	AED 25,946	AED 129,730
8	AED 25,946	AED 103,784
9	AED 25,946	AED 77,838
10	AED 25,946	AED 51,892
11	AED 25,946	AED 25,946
12	AED 25,946	AED 0

Car Finance Recommendation

Our Partnered Bank

In-house Team
Low Interset Rate
High Approval Rate

Grecale Modena Car Loan Calculator FAQs in UAE

To obtain a car loan for the Grecale Modena in UAE, you typically need to provide proof of income, valid identification, residency proof, and sometimes a down payment.
A car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your score.
Factors that can affect the interest rate include your credit score, loan amount, loan term, and the lender's policies.
The typical loan term for a car loan in the UAE ranges from 1 to 5 years, depending on the lender and your financial situation.
Yes, some lenders may charge processing fees, insurance fees, and early repayment penalties. It's important to review the loan agreement carefully.