What is the process for obtaining a loan to purchase a Patrol SE T2 3.8L in the UAE?

The process typically involves submitting a loan application to a bank, providing necessary documentation such as proof of income, residency, and the vehicle details, and then waiting for approval.

Will taking out a loan for my Patrol SE T2 3.8L affect my credit score?

Yes, taking out a loan can impact your credit score as it increases your debt-to-income ratio. Timely repayments can help improve your score over time.

What should I be aware of when applying for a car loan?

You should consider the interest rate, loan term, total repayment amount, and any additional fees or insurance requirements that may apply.

What factors can affect my loan interest rate in the UAE?

Factors include your credit history, income level, the amount of the loan, the loan term, and the bank's current policies.

Are there any specific documentation requirements for a Patrol SE T2 3.8L loan?

Yes, you typically need to provide your Emirates ID, salary certificate, bank statements, and vehicle purchase agreement.

CarteaCar Loan Calculator

Patrol SE T2 3.8L Car Loan Calculator in UAE

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

Monthly Payment

AED 17,448

Down Payment

AED 51,780

Total Cost

AED 261,156

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 17,448	AED 191,928
2	AED 17,448	AED 174,480
3	AED 17,448	AED 157,032
4	AED 17,448	AED 139,584
5	AED 17,448	AED 122,136
6	AED 17,448	AED 104,688
7	AED 17,448	AED 87,240
8	AED 17,448	AED 69,792
9	AED 17,448	AED 52,344
10	AED 17,448	AED 34,896
11	AED 17,448	AED 17,448
12	AED 17,448	AED 0

Monthly Payment Composition

Interest: 188

Principal: 17260

Patrol SE T2 3.8L Car Loan Calculator FAQs in UAE

The process typically involves submitting a loan application to a bank, providing necessary documentation such as proof of income, residency, and the vehicle details, and then waiting for approval.
Yes, taking out a loan can impact your credit score as it increases your debt-to-income ratio. Timely repayments can help improve your score over time.
You should consider the interest rate, loan term, total repayment amount, and any additional fees or insurance requirements that may apply.
Factors include your credit history, income level, the amount of the loan, the loan term, and the bank's current policies.
Yes, you typically need to provide your Emirates ID, salary certificate, bank statements, and vehicle purchase agreement.