What is the car loan process for purchasing the Mokka 1.2T GS Line in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, undergoing credit checks, and receiving loan approval before finalizing the purchase.

Will taking a loan for Mokka 1.2T GS Line affect my credit score?

Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can negatively impact your score.

What factors should I consider when applying for a car loan for Mokka 1.2T GS Line?

Consider factors such as interest rates, loan terms, down payment requirements, and your overall financial situation before applying.

How does the interest rate affect my car loan for Mokka 1.2T GS Line?

A higher interest rate increases your monthly payments and the total amount paid over the life of the loan, while a lower rate reduces these costs.

What documents do I need to apply for a car loan in UAE for Mokka 1.2T GS Line?

Typically, you will need to provide identification, proof of income, residency documents, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Mokka 1.2T GS Line Car Loan Calculator in UAE

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

Monthly Payment

AED 7,609

Down Payment

AED 22,580

Total Cost

AED 113,888

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,609	AED 83,699
2	AED 7,609	AED 76,090
3	AED 7,609	AED 68,481
4	AED 7,609	AED 60,872
5	AED 7,609	AED 53,263
6	AED 7,609	AED 45,654
7	AED 7,609	AED 38,045
8	AED 7,609	AED 30,436
9	AED 7,609	AED 22,827
10	AED 7,609	AED 15,218
11	AED 7,609	AED 7,609
12	AED 7,609	AED 0

Monthly Payment Composition

Interest: 83

Principal: 7526

Mokka 1.2T GS Line Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, undergoing credit checks, and receiving loan approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can negatively impact your score.
Consider factors such as interest rates, loan terms, down payment requirements, and your overall financial situation before applying.
A higher interest rate increases your monthly payments and the total amount paid over the life of the loan, while a lower rate reduces these costs.
Typically, you will need to provide identification, proof of income, residency documents, and details about the vehicle you wish to purchase.