What is the car loan process for purchasing a Kicks 1.6 SV in the UAE?

The car loan process typically involves selecting a bank or financial institution, submitting required documents, applying for the loan, and receiving approval before finalizing the purchase.

Will taking a car loan for Kicks 1.6 SV affect my credit score?

Yes, taking a car loan can affect your credit score. Regular repayments can improve your score, while missed payments can lower it.

What should I pay attention to when applying for a car loan?

Pay attention to interest rates, loan terms, fees, and the total cost of the loan. Make sure to read the loan agreement carefully.

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

Factors include your credit score, the loan amount, the loan term, and the lender's policies.

Are there any specific documentation requirements for a car loan in the UAE?

Yes, you typically need to provide identification, proof of income, bank statements, and details about the vehicle.

CarteaCar Loan Calculator

Kicks 1.6 SV Car Loan Calculator in UAE

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

Monthly Payment

AED 5,122

Down Payment

AED 15,200

Total Cost

AED 76,664

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,122	AED 56,342
2	AED 5,122	AED 51,220
3	AED 5,122	AED 46,098
4	AED 5,122	AED 40,976
5	AED 5,122	AED 35,854
6	AED 5,122	AED 30,732
7	AED 5,122	AED 25,610
8	AED 5,122	AED 20,488
9	AED 5,122	AED 15,366
10	AED 5,122	AED 10,244
11	AED 5,122	AED 5,122
12	AED 5,122	AED 0

Monthly Payment Composition

Interest: 56

Principal: 5066

Kicks 1.6 SV Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a bank or financial institution, submitting required documents, applying for the loan, and receiving approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Regular repayments can improve your score, while missed payments can lower it.
Pay attention to interest rates, loan terms, fees, and the total cost of the loan. Make sure to read the loan agreement carefully.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, you typically need to provide identification, proof of income, bank statements, and details about the vehicle.