What is the car loan process for the Mokka 1.2T Ultimate in the UAE?

The car loan process typically involves selecting a lender, submitting your financial information, and providing documentation such as proof of income and identity. After approval, you'll sign a loan agreement and receive the funds to purchase the vehicle.

Will taking a loan for the Mokka 1.2T Ultimate affect my credit score?

Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missing payments may lower it.

What factors should I consider when applying for a car loan for the Mokka?

Consider your credit score, interest rates, loan tenure, and the total cost of the loan, including any fees. It's also important to compare offers from different lenders.

How do interest rates for car loans in the UAE vary?

Interest rates can vary based on your credit profile, the lender's policies, and current market conditions. Shopping around can help you find the best rate.

What documents do I need to provide for a car loan for the Mokka?

You typically need to provide proof of income, identification documents (like a passport or Emirates ID), bank statements, and sometimes additional documents related to your employment or residency.

CarteaCar Loan Calculator

Mokka 1.2T Ultimate Car Loan Calculator in UAE

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

Monthly Payment

AED 7,407

Down Payment

AED 21,980

Total Cost

AED 110,864

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,407	AED 81,477
2	AED 7,407	AED 74,070
3	AED 7,407	AED 66,663
4	AED 7,407	AED 59,256
5	AED 7,407	AED 51,849
6	AED 7,407	AED 44,442
7	AED 7,407	AED 37,035
8	AED 7,407	AED 29,628
9	AED 7,407	AED 22,221
10	AED 7,407	AED 14,814
11	AED 7,407	AED 7,407
12	AED 7,407	AED 0

Monthly Payment Composition

Interest: 81

Principal: 7326

Mokka 1.2T Ultimate Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting your financial information, and providing documentation such as proof of income and identity. After approval, you'll sign a loan agreement and receive the funds to purchase the vehicle.
Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missing payments may lower it.
Consider your credit score, interest rates, loan tenure, and the total cost of the loan, including any fees. It's also important to compare offers from different lenders.
Interest rates can vary based on your credit profile, the lender's policies, and current market conditions. Shopping around can help you find the best rate.
You typically need to provide proof of income, identification documents (like a passport or Emirates ID), bank statements, and sometimes additional documents related to your employment or residency.