What are the eligibility criteria for a car loan to purchase a Porsche Cayenne 2018 4.0L Turbo in UAE?

Eligibility criteria typically include being a UAE resident, having a stable income, a good credit score, and being above 21 years of age.

How can I apply for a car loan for the Porsche Cayenne 2018 in the UAE?

You can apply for a car loan through banks or financial institutions either online or by visiting a branch. You'll need to provide necessary documents such as income proof and identification.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score, especially if you make timely payments. However, missing payments can negatively affect your score.

What factors can influence the interest rate for my car loan?

Factors include your credit score, the length of the loan, the amount of down payment, and the bank's current interest rates.

What should I consider before finalizing my car loan for the Porsche Cayenne?

Consider the total cost of the loan including interest, the repayment period, monthly installments, and any additional fees.

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Porsche Cayenne 2018 4.0L Turbo Car Loan Calculator in UAE

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

Monthly Payment

AED 39,222

Down Payment

AED 116,400

Total Cost

AED 587,064

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 39,222	AED 431,442
2	AED 39,222	AED 392,220
3	AED 39,222	AED 352,998
4	AED 39,222	AED 313,776
5	AED 39,222	AED 274,554
6	AED 39,222	AED 235,332
7	AED 39,222	AED 196,110
8	AED 39,222	AED 156,888
9	AED 39,222	AED 117,666
10	AED 39,222	AED 78,444
11	AED 39,222	AED 39,222
12	AED 39,222	AED 0

Monthly Payment Composition

Interest: 422

Principal: 38800

Porsche Cayenne 2018 4.0L Turbo Car Loan Calculator FAQs in UAE

Eligibility criteria typically include being a UAE resident, having a stable income, a good credit score, and being above 21 years of age.
You can apply for a car loan through banks or financial institutions either online or by visiting a branch. You'll need to provide necessary documents such as income proof and identification.
Yes, taking a car loan can impact your credit score, especially if you make timely payments. However, missing payments can negatively affect your score.
Factors include your credit score, the length of the loan, the amount of down payment, and the bank's current interest rates.
Consider the total cost of the loan including interest, the repayment period, monthly installments, and any additional fees.