What are the requirements for obtaining a loan for the M8 GX 2025 in the UAE?

To obtain a loan for the M8 GX 2025 in the UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and a good credit history.

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

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

What is the typical interest rate for a car loan for the M8 GX 2025 in the UAE?

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

What factors can affect the loan approval process for the M8 GX 2025?

Factors that can affect loan approval include your credit score, monthly income, existing debt obligations, and employment stability.

Are there any additional fees associated with taking a car loan for the M8 GX 2025?

Yes, there may be additional fees such as processing fees, insurance costs, and registration fees that you should consider when applying for a loan.

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M8 GX 2025 Car Loan Calculator in UAE

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

Monthly Payment

AED 11,752

Down Payment

AED 34,877

Total Cost

AED 175,901

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,752	AED 129,272
2	AED 11,752	AED 117,520
3	AED 11,752	AED 105,768
4	AED 11,752	AED 94,016
5	AED 11,752	AED 82,264
6	AED 11,752	AED 70,512
7	AED 11,752	AED 58,760
8	AED 11,752	AED 47,008
9	AED 11,752	AED 35,256
10	AED 11,752	AED 23,504
11	AED 11,752	AED 11,752
12	AED 11,752	AED 0

Monthly Payment Composition

Interest: 127

Principal: 11625

M8 GX 2025 Car Loan Calculator FAQs in UAE

To obtain a loan for the M8 GX 2025 in the UAE, you typically need to provide proof of income, residency, a valid Emirates ID, and a good credit history.
Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.
The typical interest rate for a car loan in the UAE can range from 3% to 5% depending on the bank and your credit profile.
Factors that can affect loan approval include your credit score, monthly income, existing debt obligations, and employment stability.
Yes, there may be additional fees such as processing fees, insurance costs, and registration fees that you should consider when applying for a loan.