What is the car loan process for purchasing a Legacy 2.5i Standard in the UAE?

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financing company, submitting necessary documents, and then awaiting approval before finalizing the purchase.

Will taking a loan for the Legacy 2.5i Standard affect my credit score?

Yes, taking a loan can impact your credit score. A timely repayment can improve your score, while missed payments can harm it.

What factors should I consider before applying for a car loan for the Legacy 2.5i Standard?

Consider your budget, the interest rates offered, the loan term, and any additional fees that may apply.

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

Interest rates for car loans in the UAE generally range from 3% to 5%, but this can vary based on the bank and your credit profile.

What documents do I need to provide when applying for a car loan for the Legacy 2.5i Standard?

You will typically need to provide identification, proof of income, bank statements, and information about the car you wish to purchase.

CarteaCar Loan Calculator

Legacy 2.5i Standard Car Loan Calculator in UAE

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

Monthly Payment

AED 5,527

Down Payment

AED 16,400

Total Cost

AED 82,724

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,527	AED 60,797
2	AED 5,527	AED 55,270
3	AED 5,527	AED 49,743
4	AED 5,527	AED 44,216
5	AED 5,527	AED 38,689
6	AED 5,527	AED 33,162
7	AED 5,527	AED 27,635
8	AED 5,527	AED 22,108
9	AED 5,527	AED 16,581
10	AED 5,527	AED 11,054
11	AED 5,527	AED 5,527
12	AED 5,527	AED 0

Monthly Payment Composition

Interest: 61

Principal: 5466

Legacy 2.5i Standard Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financing company, submitting necessary documents, and then awaiting approval before finalizing the purchase.
Yes, taking a loan can impact your credit score. A timely repayment can improve your score, while missed payments can harm it.
Consider your budget, the interest rates offered, the loan term, and any additional fees that may apply.
Interest rates for car loans in the UAE generally range from 3% to 5%, but this can vary based on the bank and your credit profile.
You will typically need to provide identification, proof of income, bank statements, and information about the car you wish to purchase.