What is the car loan process for purchasing a Landtrek 2.4T DC 4x2 (M/T) in UAE?

The car loan process typically involves selecting your vehicle, applying for a loan at a bank or financial institution, providing necessary documents, and waiting for approval before finalizing the purchase.

Will taking a car loan for the Landtrek 2.4T DC 4x2 (M/T) affect my credit score?

Yes, taking a car loan can impact your credit score as it will show as a new account and may affect your credit utilization ratio.

What documents are required for a car loan application in UAE?

Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

Factors that can affect the interest rate include your credit score, loan amount, loan term, and the financial institution's policies.

Are there any hidden fees associated with car loans in UAE?

Yes, it's important to review the loan terms carefully as there may be processing fees, insurance requirements, and early repayment penalties.

CarteaCar Loan Calculator

Landtrek 2.4T DC 4x2 (M/T) Car Loan Calculator in UAE

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

Monthly Payment

AED 4,711

Down Payment

AED 13,980

Total Cost

AED 70,512

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,711	AED 51,821
2	AED 4,711	AED 47,110
3	AED 4,711	AED 42,399
4	AED 4,711	AED 37,688
5	AED 4,711	AED 32,977
6	AED 4,711	AED 28,266
7	AED 4,711	AED 23,555
8	AED 4,711	AED 18,844
9	AED 4,711	AED 14,133
10	AED 4,711	AED 9,422
11	AED 4,711	AED 4,711
12	AED 4,711	AED 0

Monthly Payment Composition

Interest: 51

Principal: 4660

Landtrek 2.4T DC 4x2 (M/T) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting your vehicle, applying for a loan at a bank or financial institution, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking a car loan can impact your credit score as it will show as a new account and may affect your credit utilization ratio.
Typically, you will need your Emirates ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors that can affect the interest rate include your credit score, loan amount, loan term, and the financial institution's policies.
Yes, it's important to review the loan terms carefully as there may be processing fees, insurance requirements, and early repayment penalties.