What are the requirements to apply for a car loan for the LX Comfort 1.5T in UAE?

To apply for a car loan for the LX Comfort 1.5T in UAE, you typically need to provide proof of income, residency status, a valid Emirates ID, and details of the vehicle.

How does taking a car loan affect my credit score in the UAE?

Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your credit score.

What factors can influence the interest rate on my car loan for the LX Comfort 1.5T?

Factors that can influence the interest rate on your car loan include your credit history, the loan amount, the loan term, and the bank’s policies.

What is the typical loan tenure for a car loan in the UAE?

The typical loan tenure for a car loan in the UAE ranges from 1 to 5 years, depending on the bank and the borrower's preference.

What should I be aware of before finalizing a car loan for the LX Comfort 1.5T?

Before finalizing a car loan, be aware of the total cost of the loan, any additional fees, the terms of repayment, and the consequences of defaulting.

CarteaCar Loan Calculator

LX Comfort 1.5T Car Loan Calculator in UAE

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

Monthly Payment

AED 5,729

Down Payment

AED 17,000

Total Cost

AED 85,748

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,729	AED 63,019
2	AED 5,729	AED 57,290
3	AED 5,729	AED 51,561
4	AED 5,729	AED 45,832
5	AED 5,729	AED 40,103
6	AED 5,729	AED 34,374
7	AED 5,729	AED 28,645
8	AED 5,729	AED 22,916
9	AED 5,729	AED 17,187
10	AED 5,729	AED 11,458
11	AED 5,729	AED 5,729
12	AED 5,729	AED 0

Monthly Payment Composition

Interest: 63

Principal: 5666

LX Comfort 1.5T Car Loan Calculator FAQs in UAE

To apply for a car loan for the LX Comfort 1.5T in UAE, you typically need to provide proof of income, residency status, a valid Emirates ID, and details of the vehicle.
Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your credit score.
Factors that can influence the interest rate on your car loan include your credit history, the loan amount, the loan term, and the bank’s policies.
The typical loan tenure for a car loan in the UAE ranges from 1 to 5 years, depending on the bank and the borrower's preference.
Before finalizing a car loan, be aware of the total cost of the loan, any additional fees, the terms of repayment, and the consequences of defaulting.