What is the process for obtaining a car loan for the Huracan TECNICA 5.2L V10 in UAE?

To obtain a car loan for the Huracan TECNICA 5.2L V10, you typically need to provide proof of income, identification, and details about the vehicle. You can apply through banks or financial institutions in UAE.

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

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

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

Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan.

How do interest rates on car loans in UAE compare to other countries?

Interest rates on car loans in the UAE are generally competitive. However, they may vary based on the bank, the borrower's credit score, and current economic conditions.

Are there any specific documents required for a car loan for Huracan TECNICA 5.2L V10?

Yes, you will typically need to provide your Emirates ID, proof of income, bank statements, and the vehicle details including its price.

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Huracan TECNICA 5.2L V10 Car Loan Calculator in UAE

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

Monthly Payment

AED 74,164

Down Payment

AED 220,100

Total Cost

AED 1,110,068

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 74,164	AED 815,804
2	AED 74,164	AED 741,640
3	AED 74,164	AED 667,476
4	AED 74,164	AED 593,312
5	AED 74,164	AED 519,148
6	AED 74,164	AED 444,984
7	AED 74,164	AED 370,820
8	AED 74,164	AED 296,656
9	AED 74,164	AED 222,492
10	AED 74,164	AED 148,328
11	AED 74,164	AED 74,164
12	AED 74,164	AED 0

Monthly Payment Composition

Interest: 798

Principal: 73366

Huracan TECNICA 5.2L V10 Car Loan Calculator FAQs in UAE

To obtain a car loan for the Huracan TECNICA 5.2L V10, you typically need to provide proof of income, identification, and details about the vehicle. You can apply through banks or financial institutions in UAE.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan.
Interest rates on car loans in the UAE are generally competitive. However, they may vary based on the bank, the borrower's credit score, and current economic conditions.
Yes, you will typically need to provide your Emirates ID, proof of income, bank statements, and the vehicle details including its price.