What is the car loan process for purchasing a GV80 3.5T Royal (AWD) in the UAE?

The car loan process typically involves applying to a bank or financial institution, providing necessary documentation, and getting approved based on your income and credit history.

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

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

What should I be aware of when applying for a car loan for a GV80 3.5T Royal (AWD)?

Make sure to compare interest rates, understand the loan terms, and check any additional fees associated with the loan.

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

Factors such as your credit score, loan amount, loan term, and the lender's policies can impact the interest rate.

What documents are required to apply for a car loan in the UAE?

Typically, you'll need proof of income, identification documents, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

GV80 3.5T Royal (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 23,924

Down Payment

AED 71,000

Total Cost

AED 358,088

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 23,924	AED 263,164
2	AED 23,924	AED 239,240
3	AED 23,924	AED 215,316
4	AED 23,924	AED 191,392
5	AED 23,924	AED 167,468
6	AED 23,924	AED 143,544
7	AED 23,924	AED 119,620
8	AED 23,924	AED 95,696
9	AED 23,924	AED 71,772
10	AED 23,924	AED 47,848
11	AED 23,924	AED 23,924
12	AED 23,924	AED 0

Monthly Payment Composition

Interest: 258

Principal: 23666

GV80 3.5T Royal (AWD) Car Loan Calculator FAQs in UAE

The car loan process typically involves applying to a bank or financial institution, providing necessary documentation, and getting approved based on your income and credit history.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can lower it.
Make sure to compare interest rates, understand the loan terms, and check any additional fees associated with the loan.
Factors such as your credit score, loan amount, loan term, and the lender's policies can impact the interest rate.
Typically, you'll need proof of income, identification documents, and details about the vehicle you wish to purchase.