What are the requirements for obtaining a car loan for the HRV 1.5L i-VTEC EX in UAE?

To obtain a car loan for the HRV 1.5L i-VTEC EX in UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and vehicle details. Some banks may also require a credit score check.

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

Taking a car loan can impact your credit score positively or negatively. Regular, on-time payments can improve your score, while missed payments can lower it.

What should I consider before applying for a car loan?

Before applying for a car loan, consider the total cost of the loan, interest rates, your budget, and whether you can meet monthly payments without financial strain.

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

The interest rate for a car loan can be affected by factors such as your credit score, the loan amount, the loan term, and the bank's policies.

Can I get a loan for a used HRV 1.5L i-VTEC EX in UAE?

Yes, you can get a loan for a used HRV 1.5L i-VTEC EX in UAE. However, terms may vary by bank, and the vehicle's age and condition will be considered.

CarteaCar Loan Calculator

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

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

Monthly Payment

AED 7,272

Down Payment

AED 21,580

Total Cost

AED 108,844

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,272	AED 79,992
2	AED 7,272	AED 72,720
3	AED 7,272	AED 65,448
4	AED 7,272	AED 58,176
5	AED 7,272	AED 50,904
6	AED 7,272	AED 43,632
7	AED 7,272	AED 36,360
8	AED 7,272	AED 29,088
9	AED 7,272	AED 21,816
10	AED 7,272	AED 14,544
11	AED 7,272	AED 7,272
12	AED 7,272	AED 0

Monthly Payment Composition

Interest: 79

Principal: 7193

HRV 1.5L i-VTEC EX Car Loan Calculator FAQs in UAE

To obtain a car loan for the HRV 1.5L i-VTEC EX in UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and vehicle details. Some banks may also require a credit score check.
Taking a car loan can impact your credit score positively or negatively. Regular, on-time payments can improve your score, while missed payments can lower it.
Before applying for a car loan, consider the total cost of the loan, interest rates, your budget, and whether you can meet monthly payments without financial strain.
The interest rate for a car loan can be affected by factors such as your credit score, the loan amount, the loan term, and the bank's policies.
Yes, you can get a loan for a used HRV 1.5L i-VTEC EX in UAE. However, terms may vary by bank, and the vehicle's age and condition will be considered.