HRV 1.5L i-VTEC DX Car Loan Calculator in UAE

The car loan process generally involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then finalizing the loan agreement after approval.

Yes, taking a car loan can affect your credit score positively or negatively depending on your repayment behavior. Timely payments can improve your score, while missed payments can harm it.

Consider your budget, the interest rates offered by different banks, the loan tenure, and your ability to make monthly payments. Also, check for any hidden fees.

Factors include your credit score, the loan amount, the loan duration, and the current market conditions. Lower credit scores may lead to higher interest rates.

Typically, a down payment of 20% to 30% of the vehicle's price is required, but this can vary by lender and your financial profile.