What is the car loan process for purchasing an ID.6 Prime in the UAE?

To purchase an ID.6 Prime in the UAE, you typically need to apply for a car loan through a bank or financial institution. The process includes submitting your application, providing necessary documents, and undergoing a credit check.

Will taking out a loan for the ID.6 Prime affect my credit score?

Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can have a negative impact.

What factors can affect the interest rate on my car loan for the ID.6 Prime?

Factors affecting the interest rate include your credit score, loan amount, loan term, and the lender's policies. A higher credit score often results in a lower interest rate.

What documents do I need to provide for a car loan application for the ID.6 Prime?

Typically, you will need to provide proof of income, identification documents, residency proof, and details about the vehicle you intend to purchase.

Are there any additional fees I should be aware of when taking a car loan for the ID.6 Prime?

Yes, you may encounter additional fees such as processing fees, insurance costs, and registration fees. It’s important to review the loan agreement carefully.

CarteaCar Loan Calculator

ID.6 Prime Car Loan Calculator in UAE

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

Monthly Payment

AED 10,783

Down Payment

AED 32,000

Total Cost

AED 161,396

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,783	AED 118,613
2	AED 10,783	AED 107,830
3	AED 10,783	AED 97,047
4	AED 10,783	AED 86,264
5	AED 10,783	AED 75,481
6	AED 10,783	AED 64,698
7	AED 10,783	AED 53,915
8	AED 10,783	AED 43,132
9	AED 10,783	AED 32,349
10	AED 10,783	AED 21,566
11	AED 10,783	AED 10,783
12	AED 10,783	AED 0

Monthly Payment Composition

Interest: 117

Principal: 10666

ID.6 Prime Car Loan Calculator FAQs in UAE

To purchase an ID.6 Prime in the UAE, you typically need to apply for a car loan through a bank or financial institution. The process includes submitting your application, providing necessary documents, and undergoing a credit check.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can have a negative impact.
Factors affecting the interest rate include your credit score, loan amount, loan term, and the lender's policies. A higher credit score often results in a lower interest rate.
Typically, you will need to provide proof of income, identification documents, residency proof, and details about the vehicle you intend to purchase.
Yes, you may encounter additional fees such as processing fees, insurance costs, and registration fees. It’s important to review the loan agreement carefully.