What are the requirements for obtaining a car loan for the H-1 12-Seater Wagon A/T High in UAE?

To obtain a car loan for the H-1 12-Seater Wagon A/T High in UAE, you typically need to provide proof of income, a copy of your Emirates ID, bank statements, and sometimes a down payment.

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

Obtaining a car loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can negatively affect your score.

What factors influence the interest rate for a car loan in UAE?

Factors that influence the interest rate for a car loan in UAE include your credit score, the loan amount, the loan term, and the lender's policies.

What should I be aware of before applying for a car loan for the H-1 12-Seater Wagon A/T High?

Before applying for a car loan, you should review your budget, understand the total cost of the car including interest, and compare offers from different lenders.

Can I refinance my car loan for the H-1 12-Seater Wagon A/T High in UAE?

Yes, you can refinance your car loan in UAE if you find better interest rates or terms, but make sure to check for any fees associated with refinancing.

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H-1 12-Seater Wagon A/T High Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 551,500

Down PaymentAED 110,300

Monthly PaymentAED 37,167
Total CostAED 556,304
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 37,167	AED 408,837
2	AED 37,167	AED 371,670
3	AED 37,167	AED 334,503
4	AED 37,167	AED 297,336
5	AED 37,167	AED 260,169
6	AED 37,167	AED 223,002
7	AED 37,167	AED 185,835
8	AED 37,167	AED 148,668
9	AED 37,167	AED 111,501
10	AED 37,167	AED 74,334
11	AED 37,167	AED 37,167
12	AED 37,167	AED 0

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H-1 12-Seater Wagon A/T High Car Loan Calculator FAQs in UAE

To obtain a car loan for the H-1 12-Seater Wagon A/T High in UAE, you typically need to provide proof of income, a copy of your Emirates ID, bank statements, and sometimes a down payment.
Obtaining a car loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can negatively affect your score.
Factors that influence the interest rate for a car loan in UAE include your credit score, the loan amount, the loan term, and the lender's policies.
Before applying for a car loan, you should review your budget, understand the total cost of the car including interest, and compare offers from different lenders.
Yes, you can refinance your car loan in UAE if you find better interest rates or terms, but make sure to check for any fees associated with refinancing.