What is the car loan process for purchasing a JS4 1.5T in the UAE?

The car loan process typically involves selecting a bank, submitting an application with required documents, receiving approval, and finalizing the loan agreement.

Will taking a loan for the JS4 1.5T affect my credit score?

Yes, taking a loan can affect your credit score positively or negatively depending on your repayment behavior.

What factors can affect the interest rate on my JS4 1.5T car loan?

Factors include your credit history, loan amount, loan term, and the bank's current interest rates.

What documents are required to apply for a car loan for the JS4 1.5T?

Typically, you will need your Emirates ID, salary certificate, bank statements, and proof of residency.

What are the common pitfalls to avoid when applying for a car loan in the UAE?

Common pitfalls include not comparing different loan offers, not understanding the total cost of the loan, and overlooking the fine print.

CarteaCar Loan Calculator

JS4 1.5T Car Loan Calculator in UAE

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

Monthly Payment

AED 4,752

Down Payment

AED 14,100

Total Cost

AED 71,124

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,752	AED 52,272
2	AED 4,752	AED 47,520
3	AED 4,752	AED 42,768
4	AED 4,752	AED 38,016
5	AED 4,752	AED 33,264
6	AED 4,752	AED 28,512
7	AED 4,752	AED 23,760
8	AED 4,752	AED 19,008
9	AED 4,752	AED 14,256
10	AED 4,752	AED 9,504
11	AED 4,752	AED 4,752
12	AED 4,752	AED 0

Monthly Payment Composition

Interest: 52

Principal: 4700

JS4 1.5T Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a bank, submitting an application with required documents, receiving approval, and finalizing the loan agreement.
Yes, taking a loan can affect your credit score positively or negatively depending on your repayment behavior.
Factors include your credit history, loan amount, loan term, and the bank's current interest rates.
Typically, you will need your Emirates ID, salary certificate, bank statements, and proof of residency.
Common pitfalls include not comparing different loan offers, not understanding the total cost of the loan, and overlooking the fine print.