What are the eligibility criteria for financing the I Pace EV400 HSE (AWD) in UAE?

To be eligible for financing the I Pace EV400 HSE (AWD), you typically need to be a resident of UAE, have a stable income, a good credit score, and provide necessary documentation like ID and proof of income.

What is the typical interest rate for car loans in UAE for the I Pace EV400 HSE (AWD)?

The typical interest rate for car loans in UAE can range from 3% to 6% depending on the bank and your credit profile.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.

What documents do I need to provide for a car loan application in UAE?

You will typically need to provide a valid Emirates ID, proof of income, bank statements, and possibly a credit report.

What factors can affect my car loan interest rate in UAE?

Factors that can affect your car loan interest rate include your credit score, the loan amount, repayment term, and the lender's policies.

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I Pace EV400 HSE (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 30,371

Down Payment

AED 90,132

Total Cost

AED 454,584

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 30,371	AED 334,081
2	AED 30,371	AED 303,710
3	AED 30,371	AED 273,339
4	AED 30,371	AED 242,968
5	AED 30,371	AED 212,597
6	AED 30,371	AED 182,226
7	AED 30,371	AED 151,855
8	AED 30,371	AED 121,484
9	AED 30,371	AED 91,113
10	AED 30,371	AED 60,742
11	AED 30,371	AED 30,371
12	AED 30,371	AED 0

Monthly Payment Composition

Interest: 327

Principal: 30044

I Pace EV400 HSE (AWD) Car Loan Calculator FAQs in UAE

To be eligible for financing the I Pace EV400 HSE (AWD), you typically need to be a resident of UAE, have a stable income, a good credit score, and provide necessary documentation like ID and proof of income.
The typical interest rate for car loans in UAE can range from 3% to 6% depending on the bank and your credit profile.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
You will typically need to provide a valid Emirates ID, proof of income, bank statements, and possibly a credit report.
Factors that can affect your car loan interest rate include your credit score, the loan amount, repayment term, and the lender's policies.