What is the car loan process for purchasing an NX350 F Sport 2.4L in UAE?

To obtain a car loan for the NX350 F Sport 2.4L in UAE, you need to apply through a bank or financial institution, provide necessary documents such as proof of income, residency, and identification, and choose a suitable repayment plan.

Will taking a car loan affect my credit score in UAE?

Yes, taking a car loan can affect your credit score in UAE. Timely payments may improve your score, while missed payments can lower it.

What factors should I consider when applying for a car loan for NX350 F Sport 2.4L?

You should consider interest rates, loan tenure, down payment, your monthly budget, and any additional fees.

How does the exchange rate affect my car loan in UAE?

The exchange rate can affect your car loan if you're borrowing in a foreign currency. Fluctuations can lead to higher or lower repayment amounts.

What documents do I need to provide for a car loan application in UAE?

You typically need to provide your Emirates ID, proof of income, bank statements, residency proof, and the vehicle's details.

CarteaCar Loan Calculator

NX350 F Sport 2.4L Car Loan Calculator in UAE

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

Monthly Payment

AED 17,185

Down Payment

AED 51,000

Total Cost

AED 257,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 17,185	AED 189,035
2	AED 17,185	AED 171,850
3	AED 17,185	AED 154,665
4	AED 17,185	AED 137,480
5	AED 17,185	AED 120,295
6	AED 17,185	AED 103,110
7	AED 17,185	AED 85,925
8	AED 17,185	AED 68,740
9	AED 17,185	AED 51,555
10	AED 17,185	AED 34,370
11	AED 17,185	AED 17,185
12	AED 17,185	AED 0

Monthly Payment Composition

Interest: 185

Principal: 17000

NX350 F Sport 2.4L Car Loan Calculator FAQs in UAE

To obtain a car loan for the NX350 F Sport 2.4L in UAE, you need to apply through a bank or financial institution, provide necessary documents such as proof of income, residency, and identification, and choose a suitable repayment plan.
Yes, taking a car loan can affect your credit score in UAE. Timely payments may improve your score, while missed payments can lower it.
You should consider interest rates, loan tenure, down payment, your monthly budget, and any additional fees.
The exchange rate can affect your car loan if you're borrowing in a foreign currency. Fluctuations can lead to higher or lower repayment amounts.
You typically need to provide your Emirates ID, proof of income, bank statements, residency proof, and the vehicle's details.