What is the car loan process for purchasing the NX350 Premier 2.4L in UAE?

The car loan process generally involves selecting the vehicle, applying for a loan through a bank or financial institution, submitting required documents, and waiting for approval before finalizing the purchase.

Will taking a loan for the NX350 Premier 2.4L affect my credit score?

Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can negatively impact it.

What should I consider before applying for a car loan for the NX350 Premier 2.4L?

Consider the interest rates, loan terms, your monthly budget, and the total cost of the vehicle including insurance and maintenance.

What factors can affect the interest rates on my car loan for the NX350 Premier 2.4L?

Factors include your credit score, loan amount, loan term, and current market interest rates.

What documents are required to apply for a car loan for the NX350 Premier 2.4L?

Typically, you will need to provide proof of income, identification, residency proof, and details about the vehicle.

CarteaCar Loan Calculator

NX350 Premier 2.4L Car Loan Calculator in UAE

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

Monthly Payment

AED 14,153

Down Payment

AED 42,000

Total Cost

AED 211,836

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,153	AED 155,683
2	AED 14,153	AED 141,530
3	AED 14,153	AED 127,377
4	AED 14,153	AED 113,224
5	AED 14,153	AED 99,071
6	AED 14,153	AED 84,918
7	AED 14,153	AED 70,765
8	AED 14,153	AED 56,612
9	AED 14,153	AED 42,459
10	AED 14,153	AED 28,306
11	AED 14,153	AED 14,153
12	AED 14,153	AED 0

Monthly Payment Composition

Interest: 153

Principal: 14000

NX350 Premier 2.4L Car Loan Calculator FAQs in UAE

The car loan process generally involves selecting the vehicle, applying for a loan through a bank or financial institution, submitting required documents, and waiting for approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can negatively impact it.
Consider the interest rates, loan terms, your monthly budget, and the total cost of the vehicle including insurance and maintenance.
Factors include your credit score, loan amount, loan term, and current market interest rates.
Typically, you will need to provide proof of income, identification, residency proof, and details about the vehicle.