What is the car loan process for purchasing a GS5 1.5T GE in the UAE?

The car loan process typically involves selecting the car, submitting necessary documents, applying for the loan through a bank, and then waiting for approval before finalizing the purchase.

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

Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.

What factors should I consider before applying for a car loan for the GS5 1.5T GE?

Consider your monthly income, existing debts, loan interest rates, repayment terms, and the total cost of the vehicle.

How do interest rates on car loans work in the UAE?

Interest rates on car loans in the UAE can vary based on the bank, the loan amount, and your credit history. They can be fixed or variable.

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

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

CarteaCar Loan Calculator

GS5 1.5T GE Car Loan Calculator in UAE

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

Monthly Payment

AED 6,867

Down Payment

AED 20,380

Total Cost

AED 102,784

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,867	AED 75,537
2	AED 6,867	AED 68,670
3	AED 6,867	AED 61,803
4	AED 6,867	AED 54,936
5	AED 6,867	AED 48,069
6	AED 6,867	AED 41,202
7	AED 6,867	AED 34,335
8	AED 6,867	AED 27,468
9	AED 6,867	AED 20,601
10	AED 6,867	AED 13,734
11	AED 6,867	AED 6,867
12	AED 6,867	AED 0

Monthly Payment Composition

Interest: 74

Principal: 6793

GS5 1.5T GE Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the car, submitting necessary documents, applying for the loan through a bank, and then waiting for approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
Consider your monthly income, existing debts, loan interest rates, repayment terms, and the total cost of the vehicle.
Interest rates on car loans in the UAE can vary based on the bank, the loan amount, and your credit history. They can be fixed or variable.
You typically need to provide proof of identity, proof of income, bank statements, and details about the vehicle you wish to purchase.