What is the car loan process for purchasing a Palisade 3.8L GDi (AWD) Smart in the UAE?

The car loan process typically involves choosing a lender, submitting your application, providing necessary documents, receiving approval, and then signing the loan agreement.

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

Yes, taking a car loan can impact your credit score. Timely repayments can improve it, while missed payments can harm it.

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

Consider your credit score, income, the loan amount, interest rates, and the loan term before applying.

What is the average interest rate for car loans in the UAE?

The average interest rate for car loans in the UAE typically ranges from 3% to 6%, depending on the lender and your credit profile.

What documents are needed to apply for a car loan for a Palisade in the UAE?

You will generally need to provide proof of identity, income documents, a credit report, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Palisade 3.8L GDi (AWD) Smart Car Loan Calculator in UAE

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

Monthly Payment

AED 10,412

Down Payment

AED 30,900

Total Cost

AED 155,844

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,412	AED 114,532
2	AED 10,412	AED 104,120
3	AED 10,412	AED 93,708
4	AED 10,412	AED 83,296
5	AED 10,412	AED 72,884
6	AED 10,412	AED 62,472
7	AED 10,412	AED 52,060
8	AED 10,412	AED 41,648
9	AED 10,412	AED 31,236
10	AED 10,412	AED 20,824
11	AED 10,412	AED 10,412
12	AED 10,412	AED 0

Monthly Payment Composition

Interest: 112

Principal: 10300

Palisade 3.8L GDi (AWD) Smart Car Loan Calculator FAQs in UAE

The car loan process typically involves choosing a lender, submitting your application, providing necessary documents, receiving approval, and then signing the loan agreement.
Yes, taking a car loan can impact your credit score. Timely repayments can improve it, while missed payments can harm it.
Consider your credit score, income, the loan amount, interest rates, and the loan term before applying.
The average interest rate for car loans in the UAE typically ranges from 3% to 6%, depending on the lender and your credit profile.
You will generally need to provide proof of identity, income documents, a credit report, and details about the vehicle you wish to purchase.