What is the car loan process for purchasing a Nissan X-Trail 2021 S 2WD (7-Seater) in the UAE?

To purchase a Nissan X-Trail 2021 S 2WD (7-Seater) in the UAE, you typically need to apply for a car loan through a bank or financial institution. The process involves submitting necessary documents, such as proof of income, ID, and vehicle details, and then waiting for approval.

Will taking a car loan for the Nissan X-Trail affect my credit score?

Yes, taking a car loan can affect your credit score. A new loan increases your total debt, and how well you manage the loan payments will influence your credit rating positively or negatively.

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

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

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

Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and vehicle details. Additional documents may be required depending on the lender.

How does the interest rate on a car loan in the UAE impact my monthly payments?

The interest rate directly affects your monthly payments; a higher interest rate will lead to higher monthly payments, while a lower rate will reduce them. It's crucial to shop around for the best rate.

CarteaCar Loan Calculator

Nissan X-Trail 2021 S 2WD (7-Seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 5,762

Down Payment

AED 17,100

Total Cost

AED 86,244

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,762	AED 63,382
2	AED 5,762	AED 57,620
3	AED 5,762	AED 51,858
4	AED 5,762	AED 46,096
5	AED 5,762	AED 40,334
6	AED 5,762	AED 34,572
7	AED 5,762	AED 28,810
8	AED 5,762	AED 23,048
9	AED 5,762	AED 17,286
10	AED 5,762	AED 11,524
11	AED 5,762	AED 5,762
12	AED 5,762	AED 0

Monthly Payment Composition

Interest: 62

Principal: 5700

Nissan X-Trail 2021 S 2WD (7-Seater) Car Loan Calculator FAQs in UAE

To purchase a Nissan X-Trail 2021 S 2WD (7-Seater) in the UAE, you typically need to apply for a car loan through a bank or financial institution. The process involves submitting necessary documents, such as proof of income, ID, and vehicle details, and then waiting for approval.
Yes, taking a car loan can affect your credit score. A new loan increases your total debt, and how well you manage the loan payments will influence your credit rating positively or negatively.
Consider your credit score, interest rates, loan tenure, down payment amount, and the total cost of the loan including any fees. It's also important to compare different banks and offers.
Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and vehicle details. Additional documents may be required depending on the lender.
The interest rate directly affects your monthly payments; a higher interest rate will lead to higher monthly payments, while a lower rate will reduce them. It's crucial to shop around for the best rate.