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

Calculation Of Loans

Total Car PriceAED 342,000

Down PaymentAED 68,400

Monthly PaymentAED 23,048
Total CostAED 344,976
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 23,048	AED 253,528
2	AED 23,048	AED 230,480
3	AED 23,048	AED 207,432
4	AED 23,048	AED 184,384
5	AED 23,048	AED 161,336
6	AED 23,048	AED 138,288
7	AED 23,048	AED 115,240
8	AED 23,048	AED 92,192
9	AED 23,048	AED 69,144
10	AED 23,048	AED 46,096
11	AED 23,048	AED 23,048
12	AED 23,048	AED 0

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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.