What are the main requirements for obtaining a car loan for the Macan Base in UAE?

The main requirements typically include proof of income, residency visa, Emirates ID, and a good credit score.

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

Taking a car loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve it over time.

Interest rates can be affected by factors such as your credit score, the loan tenure, the lender's policies, and prevailing market conditions.

The typical loan tenure for car loans in the UAE ranges from 1 to 5 years.

Consider your budget, monthly repayments, total interest paid, and whether you can afford additional costs like insurance and maintenance.

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

Total Car PriceAED 261,800

Down PaymentAED 52,360

The main requirements typically include proof of income, residency visa, Emirates ID, and a good credit score.
Taking a car loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve it over time.
Interest rates can be affected by factors such as your credit score, the loan tenure, the lender's policies, and prevailing market conditions.
The typical loan tenure for car loans in the UAE ranges from 1 to 5 years.
Consider your budget, monthly repayments, total interest paid, and whether you can afford additional costs like insurance and maintenance.