What are the loan options available for purchasing a Porsche Macan 2020 Base in the UAE?

In the UAE, you can choose from various loan options, including traditional bank loans, Islamic financing, and dealer financing, which may offer different interest rates and terms.

How does taking a loan affect my credit score in the UAE?

Taking a loan can affect your credit score positively or negatively, depending on your repayment history. Timely payments will improve your score, while missed payments can harm it.

What documents do I need to apply for a car loan for Porsche Macan 2020 Base?

You typically need to provide identification, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

The interest rate can be influenced by factors such as your credit score, the loan amount, the loan term, and prevailing market rates.

Is it better to get a loan from a bank or through a dealership?

It depends on your situation. Dealerships may offer promotional rates, while banks might provide more competitive terms. It's advisable to compare both options.

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Porsche Macan 2020 Base Car Loan Calculator in UAE

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

Monthly Payment

AED 14,685

Down Payment

AED 43,580

Total Cost

AED 219,800

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,685	AED 161,535
2	AED 14,685	AED 146,850
3	AED 14,685	AED 132,165
4	AED 14,685	AED 117,480
5	AED 14,685	AED 102,795
6	AED 14,685	AED 88,110
7	AED 14,685	AED 73,425
8	AED 14,685	AED 58,740
9	AED 14,685	AED 44,055
10	AED 14,685	AED 29,370
11	AED 14,685	AED 14,685
12	AED 14,685	AED 0

Monthly Payment Composition

Interest: 159

Principal: 14526

Porsche Macan 2020 Base Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options, including traditional bank loans, Islamic financing, and dealer financing, which may offer different interest rates and terms.
Taking a loan can affect your credit score positively or negatively, depending on your repayment history. Timely payments will improve your score, while missed payments can harm it.
You typically need to provide identification, proof of income, bank statements, and details of the vehicle you wish to purchase.
The interest rate can be influenced by factors such as your credit score, the loan amount, the loan term, and prevailing market rates.
It depends on your situation. Dealerships may offer promotional rates, while banks might provide more competitive terms. It's advisable to compare both options.