Nissan Xterra 2016 4.0L X Car Loan Calculator in UAE

To be eligible for a car loan in the UAE, you generally need to be at least 21 years old, have a steady source of income, and provide necessary documents such as a salary certificate, Emirates ID, and proof of residence.

Taking a car loan can affect your credit score positively or negatively. Regular payments can improve your score, while missed payments can lower it.

Before applying for a car loan, consider the total cost of the car, interest rates, loan tenure, and your ability to repay without compromising your financial stability.

Factors influencing the interest rate include your credit score, loan amount, loan tenure, and the current economic conditions in the UAE.

Common documents required include a valid Emirates ID, salary certificate, bank statements, proof of residence, and sometimes a copy of the vehicle registration.