What are the eligibility criteria for a car loan to purchase the Macan Std 2.0L (260 HP) in the UAE?

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a stable income, and provide necessary documents such as your Emirates ID, salary certificate, and bank statements.

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

Taking a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score, making it harder to obtain future loans.

What documents are required to apply for a car loan for the Macan Std 2.0L (260 HP)?

You will typically need to provide your Emirates ID, proof of income (salary certificate), bank statements, and sometimes a copy of the vehicle's purchase agreement.

What factors can affect the interest rate on my car loan in the UAE?

The interest rate on your car loan can be affected by factors such as your credit score, loan amount, loan tenure, and the bank's prevailing rates.

Is it better to get a car loan from a bank or a dealership in the UAE?

It depends on your personal preference. Banks may offer lower interest rates, while dealerships can provide convenience and promotions. It's important to compare offers from both.

CarteaCar Loan Calculator

Macan Std 2.0L (260 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 18,297

Down Payment

AED 54,300

Total Cost

AED 273,864

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 18,297	AED 201,267
2	AED 18,297	AED 182,970
3	AED 18,297	AED 164,673
4	AED 18,297	AED 146,376
5	AED 18,297	AED 128,079
6	AED 18,297	AED 109,782
7	AED 18,297	AED 91,485
8	AED 18,297	AED 73,188
9	AED 18,297	AED 54,891
10	AED 18,297	AED 36,594
11	AED 18,297	AED 18,297
12	AED 18,297	AED 0

Monthly Payment Composition

Interest: 197

Principal: 18100

Macan Std 2.0L (260 HP) Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a stable income, and provide necessary documents such as your Emirates ID, salary certificate, and bank statements.
Taking a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score, making it harder to obtain future loans.
You will typically need to provide your Emirates ID, proof of income (salary certificate), bank statements, and sometimes a copy of the vehicle's purchase agreement.
The interest rate on your car loan can be affected by factors such as your credit score, loan amount, loan tenure, and the bank's prevailing rates.
It depends on your personal preference. Banks may offer lower interest rates, while dealerships can provide convenience and promotions. It's important to compare offers from both.