What is the car loan process for purchasing the BMW i3 120 Ah in the UAE?

The car loan process typically involves selecting a lender, submitting an application, providing necessary documents, and getting approval. After approval, you can finalize the purchase.

Will taking a car loan for the i3 120 Ah affect my credit score?

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

What factors should I consider when applying for a car loan for the i3 120 Ah?

Consider your credit score, loan interest rates, repayment terms, down payment, and total vehicle cost.

How does the interest rate on my car loan for the i3 120 Ah get determined?

Interest rates are determined by factors such as your credit history, the lender’s policies, and market conditions.

What documents are needed to apply for a car loan for the i3 120 Ah in the UAE?

You typically need identification, proof of income, bank statements, and details about the vehicle.

CarteaCar Loan Calculator

i3 120 Ah Car Loan Calculator in UAE

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

Monthly Payment

AED 18,870

Down Payment

AED 56,000

Total Cost

AED 282,440

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 18,870	AED 207,570
2	AED 18,870	AED 188,700
3	AED 18,870	AED 169,830
4	AED 18,870	AED 150,960
5	AED 18,870	AED 132,090
6	AED 18,870	AED 113,220
7	AED 18,870	AED 94,350
8	AED 18,870	AED 75,480
9	AED 18,870	AED 56,610
10	AED 18,870	AED 37,740
11	AED 18,870	AED 18,870
12	AED 18,870	AED 0

Monthly Payment Composition

Interest: 204

Principal: 18666

i3 120 Ah Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting an application, providing necessary documents, and getting approval. After approval, you can finalize the purchase.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can harm it.
Consider your credit score, loan interest rates, repayment terms, down payment, and total vehicle cost.
Interest rates are determined by factors such as your credit history, the lender’s policies, and market conditions.
You typically need identification, proof of income, bank statements, and details about the vehicle.