What is the car loan process for purchasing a GV70 2.5T Prestige in UAE?

The car loan process typically involves selecting a lender, submitting your application with necessary documents, receiving approval, and signing the loan agreement before purchasing the vehicle.

Will taking a car loan for the GV70 2.5T Prestige affect my credit score?

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

What are the common requirements for a car loan in UAE?

Common requirements include proof of income, residency, identification documents, and a good credit score.

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

Factors include your credit score, the loan amount, the loan term, and current market rates.

What should I be cautious about when taking a car loan for the GV70 2.5T Prestige?

Be cautious about the total cost of the loan, including interest and fees, and ensure that the monthly payments fit into your budget.

CarteaCar Loan Calculator

GV70 2.5T Prestige Car Loan Calculator in UAE

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

Monthly Payment

AED 14,523

Down Payment

AED 43,100

Total Cost

AED 217,376

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,523	AED 159,753
2	AED 14,523	AED 145,230
3	AED 14,523	AED 130,707
4	AED 14,523	AED 116,184
5	AED 14,523	AED 101,661
6	AED 14,523	AED 87,138
7	AED 14,523	AED 72,615
8	AED 14,523	AED 58,092
9	AED 14,523	AED 43,569
10	AED 14,523	AED 29,046
11	AED 14,523	AED 14,523
12	AED 14,523	AED 0

Monthly Payment Composition

Interest: 157

Principal: 14366

GV70 2.5T Prestige Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting your application with necessary documents, receiving approval, and signing the loan agreement before purchasing the vehicle.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while late payments can negatively affect it.
Common requirements include proof of income, residency, identification documents, and a good credit score.
Factors include your credit score, the loan amount, the loan term, and current market rates.
Be cautious about the total cost of the loan, including interest and fees, and ensure that the monthly payments fit into your budget.