What is the loan process for purchasing a Prado GXL 1st Edition 2.4T in the UAE?

The loan process typically involves applying through a bank, providing necessary documentation, and receiving approval based on your financial profile.

Will taking a loan for the Prado GXL affect my credit score?

Yes, taking a loan will affect your credit score, as it will be reflected in your credit history and repayment behavior.

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

Consider your income, existing debts, loan terms, interest rates, and the total cost of ownership of the vehicle.

What are the interest rates for car loans in the UAE for the Prado GXL?

Interest rates can vary widely depending on the bank and your credit profile, typically ranging from 2.99% to 5.5%.

Are there any hidden fees associated with car loans in the UAE?

Yes, there may be processing fees, early repayment penalties, and insurance costs that can add to the overall loan cost.

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Prado GXL 1st Edition 2.4T Car Loan Calculator in UAE

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

Monthly Payment

AED 15,831

Down Payment

AED 46,980

Total Cost

AED 236,952

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 15,831	AED 174,141
2	AED 15,831	AED 158,310
3	AED 15,831	AED 142,479
4	AED 15,831	AED 126,648
5	AED 15,831	AED 110,817
6	AED 15,831	AED 94,986
7	AED 15,831	AED 79,155
8	AED 15,831	AED 63,324
9	AED 15,831	AED 47,493
10	AED 15,831	AED 31,662
11	AED 15,831	AED 15,831
12	AED 15,831	AED 0

Monthly Payment Composition

Interest: 171

Principal: 15660

Prado GXL 1st Edition 2.4T Car Loan Calculator FAQs in UAE

The loan process typically involves applying through a bank, providing necessary documentation, and receiving approval based on your financial profile.
Yes, taking a loan will affect your credit score, as it will be reflected in your credit history and repayment behavior.
Consider your income, existing debts, loan terms, interest rates, and the total cost of ownership of the vehicle.
Interest rates can vary widely depending on the bank and your credit profile, typically ranging from 2.99% to 5.5%.
Yes, there may be processing fees, early repayment penalties, and insurance costs that can add to the overall loan cost.