What are the loan options available for purchasing a Honda CR-V 2024 2.4 EX in UAE?

In UAE, banks offer various auto loan options with different interest rates, repayment terms, and eligibility criteria. You can choose from fixed or floating interest rates depending on your preference.

How can I apply for a car loan for a Honda CR-V 2024 2.4 EX?

You can apply for a car loan through a bank or a financial institution. Generally, you will need to provide documentation such as proof of income, residency, and identification, along with the vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it. It's essential to manage your loan responsibly.

What factors should I consider when applying for a car loan?

Consider interest rates, loan tenure, monthly repayments, processing fees, and your financial situation. Additionally, compare offers from different banks to find the best deal.

What are the factors that influence the loan interest rates?

Loan interest rates can be influenced by factors such as your credit score, the loan amount, the duration of the loan, the type of vehicle, and the current economic conditions.

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Honda CR-V 2024 2.4 EX Car Loan Calculator in UAE

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

Monthly Payment

AED 11,601

Down Payment

AED 34,429

Total Cost

AED 173,641

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,601	AED 127,611
2	AED 11,601	AED 116,010
3	AED 11,601	AED 104,409
4	AED 11,601	AED 92,808
5	AED 11,601	AED 81,207
6	AED 11,601	AED 69,606
7	AED 11,601	AED 58,005
8	AED 11,601	AED 46,404
9	AED 11,601	AED 34,803
10	AED 11,601	AED 23,202
11	AED 11,601	AED 11,601
12	AED 11,601	AED 0

Monthly Payment Composition

Interest: 125

Principal: 11476

Honda CR-V 2024 2.4 EX Car Loan Calculator FAQs in UAE

In UAE, banks offer various auto loan options with different interest rates, repayment terms, and eligibility criteria. You can choose from fixed or floating interest rates depending on your preference.
You can apply for a car loan through a bank or a financial institution. Generally, you will need to provide documentation such as proof of income, residency, and identification, along with the vehicle details.
Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it. It's essential to manage your loan responsibly.
Consider interest rates, loan tenure, monthly repayments, processing fees, and your financial situation. Additionally, compare offers from different banks to find the best deal.
Loan interest rates can be influenced by factors such as your credit score, the loan amount, the duration of the loan, the type of vehicle, and the current economic conditions.