What is the car loan process for purchasing a Nissan Sunny 2021 1.6L SL in UAE?

The car loan process typically involves checking your credit score, selecting the loan amount, submitting necessary documents, and getting loan approval from the bank.

Will taking a loan for the Nissan Sunny 2021 affect my credit score?

Yes, taking out a loan can impact your credit score, especially if you miss payments or default on the loan.

What factors should I consider when applying for a car loan for Nissan Sunny 2021?

Consider the interest rate, loan term, monthly payments, and any additional fees involved in the loan.

What is the typical interest rate for a car loan in UAE?

Interest rates can vary, but they typically range between 3% to 5% depending on the bank and your credit score.

What documents are required for a car loan application in UAE?

Commonly required documents include your Emirates ID, salary certificate, bank statements, and proof of residence.

CarteaCar Loan Calculator

Nissan Sunny 2021 1.6L SL Car Loan Calculator in UAE

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

Monthly Payment

AED 3,707

Down Payment

AED 11,000

Total Cost

AED 55,484

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,707	AED 40,777
2	AED 3,707	AED 37,070
3	AED 3,707	AED 33,363
4	AED 3,707	AED 29,656
5	AED 3,707	AED 25,949
6	AED 3,707	AED 22,242
7	AED 3,707	AED 18,535
8	AED 3,707	AED 14,828
9	AED 3,707	AED 11,121
10	AED 3,707	AED 7,414
11	AED 3,707	AED 3,707
12	AED 3,707	AED 0

Monthly Payment Composition

Interest: 41

Principal: 3666

Nissan Sunny 2021 1.6L SL Car Loan Calculator FAQs in UAE

The car loan process typically involves checking your credit score, selecting the loan amount, submitting necessary documents, and getting loan approval from the bank.
Yes, taking out a loan can impact your credit score, especially if you miss payments or default on the loan.
Consider the interest rate, loan term, monthly payments, and any additional fees involved in the loan.
Interest rates can vary, but they typically range between 3% to 5% depending on the bank and your credit score.
Commonly required documents include your Emirates ID, salary certificate, bank statements, and proof of residence.