What are the eligibility criteria for obtaining a car loan for the GT 1.5T STD in the UAE?

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a stable income, and provide necessary documents like your Emirates ID, salary certificate, and bank statements.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.

What factors should I consider when applying for a car loan for the GT 1.5T STD?

Consider the interest rate, loan tenure, down payment amount, your monthly budget, and any additional fees associated with the loan.

What is the typical loan amount and interest rate for the GT 1.5T STD in the UAE?

The typical loan amount can vary but is often up to 80% of the car's value, with interest rates ranging from 3% to 5% depending on the bank and your credit profile.

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

You will typically need your Emirates ID, a recent salary certificate, bank statements for the last 3-6 months, and proof of residence.

CarteaCar Loan Calculator

GT 1.5T STD Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 61,900

Down PaymentAED 12,380

Monthly PaymentAED 4,172
Total CostAED 62,444
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 4,172	AED 45,892
2	AED 4,172	AED 41,720
3	AED 4,172	AED 37,548
4	AED 4,172	AED 33,376
5	AED 4,172	AED 29,204
6	AED 4,172	AED 25,032
7	AED 4,172	AED 20,860
8	AED 4,172	AED 16,688
9	AED 4,172	AED 12,516
10	AED 4,172	AED 8,344
11	AED 4,172	AED 4,172
12	AED 4,172	AED 0

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GT 1.5T STD Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a stable income, and provide necessary documents like your Emirates ID, salary certificate, and bank statements.
Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.
Consider the interest rate, loan tenure, down payment amount, your monthly budget, and any additional fees associated with the loan.
The typical loan amount can vary but is often up to 80% of the car's value, with interest rates ranging from 3% to 5% depending on the bank and your credit profile.
You will typically need your Emirates ID, a recent salary certificate, bank statements for the last 3-6 months, and proof of residence.