What is the car loan process for purchasing a Phantom 6.75L Extended Wheelbase in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and undergoing a credit assessment before finalizing the loan agreement.

Will taking a loan for the Phantom 6.75L affect my credit score?

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

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

Consider factors such as the interest rate, loan term, down payment amount, and your overall financial situation.

What are the common documents required for a car loan application in UAE?

Common documents include a valid ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

What can affect the interest rate on my car loan for the Phantom 6.75L?

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

CarteaCar Loan Calculator

Phantom 6.75L Extended Wheelbase Car Loan Calculator in UAE

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

Monthly Payment

AED 162,750

Down Payment

AED 483,000

Total Cost

AED 2,436,000

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 162,750	AED 1,790,250
2	AED 162,750	AED 1,627,500
3	AED 162,750	AED 1,464,750
4	AED 162,750	AED 1,302,000
5	AED 162,750	AED 1,139,250
6	AED 162,750	AED 976,500
7	AED 162,750	AED 813,750
8	AED 162,750	AED 651,000
9	AED 162,750	AED 488,250
10	AED 162,750	AED 325,500
11	AED 162,750	AED 162,750
12	AED 162,750	AED 0

Monthly Payment Composition

Interest: 1750

Principal: 161000

Phantom 6.75L Extended Wheelbase Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and undergoing a credit assessment before finalizing the loan agreement.
Yes, taking out a car loan can impact your credit score. Timely repayments can improve your score, while missed payments can harm it.
Consider factors such as the interest rate, loan term, down payment amount, and your overall financial situation.
Common documents include a valid ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors include your credit score, loan amount, loan term, and the lender's policies.