What are the eligibility requirements for obtaining a car loan for the L9 Ultra in the UAE?

To be eligible for a car loan for the L9 Ultra, you typically need to be a UAE resident, have a steady income, and provide necessary documents like your ID, salary certificate, and bank statements.

How does taking a car loan for the L9 Ultra affect my credit score?

Taking a car loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can harm it.

What factors should I consider when applying for a car loan for the L9 Ultra?

Consider the interest rate, loan tenure, monthly installments, and the total cost of the loan, including any additional fees.

What is the typical interest rate for a car loan for the L9 Ultra in the UAE?

The typical interest rate for a car loan in the UAE can range from 3% to 5% per annum, depending on the bank and your credit profile.

Are there any hidden fees associated with the L9 Ultra car loan?

Yes, there may be processing fees, insurance costs, and registration fees that are not included in the loan amount. It's important to clarify these with the bank.

CarteaCar Loan Calculator

L9 Ultra Car Loan Calculator in UAE

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

Monthly Payment

AED 20,167

Down Payment

AED 59,850

Total Cost

AED 301,854

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 20,167	AED 221,837
2	AED 20,167	AED 201,670
3	AED 20,167	AED 181,503
4	AED 20,167	AED 161,336
5	AED 20,167	AED 141,169
6	AED 20,167	AED 121,002
7	AED 20,167	AED 100,835
8	AED 20,167	AED 80,668
9	AED 20,167	AED 60,501
10	AED 20,167	AED 40,334
11	AED 20,167	AED 20,167
12	AED 20,167	AED 0

Monthly Payment Composition

Interest: 217

Principal: 19950

L9 Ultra Car Loan Calculator FAQs in UAE

To be eligible for a car loan for the L9 Ultra, you typically need to be a UAE resident, have a steady income, and provide necessary documents like your ID, salary certificate, and bank statements.
Taking a car loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rate, loan tenure, monthly installments, and the total cost of the loan, including any additional fees.
The typical interest rate for a car loan in the UAE can range from 3% to 5% per annum, depending on the bank and your credit profile.
Yes, there may be processing fees, insurance costs, and registration fees that are not included in the loan amount. It's important to clarify these with the bank.