What is the car loan process for purchasing a Palisade R 2.2L Diesel in the UAE?

The car loan process involves submitting an application to a bank or financial institution, providing necessary documents such as proof of income, residency, and identification, and then waiting for approval before finalizing the purchase.

How does taking a loan for the Palisade R 2.2L Diesel affect my credit score?

Taking a loan can affect your credit score positively if you make timely payments, but missing payments can negatively impact your score.

What are the key factors to consider when applying for a car loan in the UAE?

Key factors include your credit history, monthly income, existing debts, loan amount, interest rates, and the loan tenure.

What documents are required to apply for a car loan for the Palisade R 2.2L Diesel?

Documents typically required include your Emirates ID, salary certificate, bank statements, and proof of address.

What factors can influence the interest rate for a car loan in the UAE?

Factors include your credit score, loan amount, the vehicle's age, and the lender's policies.

CarteaCar Loan Calculator

Palisade R 2.2L Diesel Car Loan Calculator in UAE

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

Monthly Payment

AED 9,570

Down Payment

AED 28,400

Total Cost

AED 143,240

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,570	AED 105,270
2	AED 9,570	AED 95,700
3	AED 9,570	AED 86,130
4	AED 9,570	AED 76,560
5	AED 9,570	AED 66,990
6	AED 9,570	AED 57,420
7	AED 9,570	AED 47,850
8	AED 9,570	AED 38,280
9	AED 9,570	AED 28,710
10	AED 9,570	AED 19,140
11	AED 9,570	AED 9,570
12	AED 9,570	AED 0

Monthly Payment Composition

Interest: 104

Principal: 9466

Palisade R 2.2L Diesel Car Loan Calculator FAQs in UAE

The car loan process involves submitting an application to a bank or financial institution, providing necessary documents such as proof of income, residency, and identification, and then waiting for approval before finalizing the purchase.
Taking a loan can affect your credit score positively if you make timely payments, but missing payments can negatively impact your score.
Key factors include your credit history, monthly income, existing debts, loan amount, interest rates, and the loan tenure.
Documents typically required include your Emirates ID, salary certificate, bank statements, and proof of address.
Factors include your credit score, loan amount, the vehicle's age, and the lender's policies.