What are the financing options available for purchasing an LS 500 Platinum 3.5L in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans. Each option has different interest rates and terms.

How does taking a car loan 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 lower it.

What documents are required to apply for a car loan in the UAE?

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

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

Factors affecting interest rates include your credit score, loan amount, loan term, and the lender’s policies.

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

Yes, some lenders may charge processing fees, documentation fees, or early repayment penalties. It's important to read the loan agreement carefully.

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LS 500 Platinum 3.5L Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 455,000

Down PaymentAED 91,000

Monthly PaymentAED 30,663
Total CostAED 458,956
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 30,663	AED 337,293
2	AED 30,663	AED 306,630
3	AED 30,663	AED 275,967
4	AED 30,663	AED 245,304
5	AED 30,663	AED 214,641
6	AED 30,663	AED 183,978
7	AED 30,663	AED 153,315
8	AED 30,663	AED 122,652
9	AED 30,663	AED 91,989
10	AED 30,663	AED 61,326
11	AED 30,663	AED 30,663
12	AED 30,663	AED 0

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LS 500 Platinum 3.5L Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans. Each option has different interest rates and terms.
Taking a car loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.
Factors affecting interest rates include your credit score, loan amount, loan term, and the lender’s policies.
Yes, some lenders may charge processing fees, documentation fees, or early repayment penalties. It's important to read the loan agreement carefully.