What are the loan requirements for financing a Nissan Patrol 2019 5.6L LE Platinum City Reserve in UAE?

Typically, you will need to provide proof of income, residency documents, and a good credit score. Some banks may also require a down payment.

How does taking a car loan affect my credit score?

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.

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

Consider the interest rate, loan term, monthly payments, and any additional fees. It's also important to check the lender's reputation.

Can I refinance my car loan later if I find a better interest rate?

Yes, refinancing is an option if you find a better interest rate or terms that suit your financial situation better.

What are the potential risks of taking out a car loan?

The potential risks include falling into debt if you cannot make payments, the vehicle depreciating faster than the loan amount, and negative impacts on your credit score.

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Nissan Patrol 2019 5.6L LE Platinum City Reserve Car Loan Calculator in UAE

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

Monthly Payment

AED 14,793

Down Payment

AED 43,900

Total Cost

AED 221,416

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,793	AED 162,723
2	AED 14,793	AED 147,930
3	AED 14,793	AED 133,137
4	AED 14,793	AED 118,344
5	AED 14,793	AED 103,551
6	AED 14,793	AED 88,758
7	AED 14,793	AED 73,965
8	AED 14,793	AED 59,172
9	AED 14,793	AED 44,379
10	AED 14,793	AED 29,586
11	AED 14,793	AED 14,793
12	AED 14,793	AED 0

Monthly Payment Composition

Interest: 160

Principal: 14633

Nissan Patrol 2019 5.6L LE Platinum City Reserve Car Loan Calculator FAQs in UAE

Typically, you will need to provide proof of income, residency documents, and a good credit score. Some banks may also require a down payment.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.
Consider the interest rate, loan term, monthly payments, and any additional fees. It's also important to check the lender's reputation.
Yes, refinancing is an option if you find a better interest rate or terms that suit your financial situation better.
The potential risks include falling into debt if you cannot make payments, the vehicle depreciating faster than the loan amount, and negative impacts on your credit score.