What are the requirements to apply for a loan for a Porsche Panamera 2020 4S Executive in the UAE?

Typically, you will need to provide proof of income, a valid UAE residency visa, a UAE ID, and details of the vehicle you wish to purchase.

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

Taking out a loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.

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

The typical loan tenure ranges from 24 to 60 months, depending on the lender and your financial profile.

Yes, you may encounter processing fees, insurance costs, and registration fees, which can vary by lender.

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

Total Car PriceAED 559,400

Down PaymentAED 111,880

Typically, you will need to provide proof of income, a valid UAE residency visa, a UAE ID, and details of the vehicle you wish to purchase.
Taking out a loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.
Factors include your credit score, loan amount, loan tenure, and the lender's policies.
The typical loan tenure ranges from 24 to 60 months, depending on the lender and your financial profile.
Yes, you may encounter processing fees, insurance costs, and registration fees, which can vary by lender.