What is the car loan process for purchasing a Raize 1.2L XLE in the UAE?

The car loan process typically involves selecting a bank or financial institution, submitting necessary documents, and completing the loan application. Once approved, you can proceed with the purchase.

Will taking a loan for the Raize 1.2L XLE affect my credit score?

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

What factors can influence the loan interest rate for a Raize 1.2L XLE?

Factors include your credit score, income level, loan amount, and the duration of the loan. Banks may also consider current market rates.

What should I be aware of when applying for a car loan in the UAE?

Be aware of the total cost of the loan, including interest rates, processing fees, and insurance. Understand your repayment terms and conditions.

Can I get a car loan if I am self-employed?

Yes, you can get a car loan if you are self-employed, but you may need to provide additional documentation to prove your income.

CarteaCar Loan Calculator

Raize 1.2L XLE Car Loan Calculator in UAE

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

Monthly Payment

AED 4,381

Down Payment

AED 13,000

Total Cost

AED 65,572

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,381	AED 48,191
2	AED 4,381	AED 43,810
3	AED 4,381	AED 39,429
4	AED 4,381	AED 35,048
5	AED 4,381	AED 30,667
6	AED 4,381	AED 26,286
7	AED 4,381	AED 21,905
8	AED 4,381	AED 17,524
9	AED 4,381	AED 13,143
10	AED 4,381	AED 8,762
11	AED 4,381	AED 4,381
12	AED 4,381	AED 0

Monthly Payment Composition

Interest: 48

Principal: 4333

Raize 1.2L XLE Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a bank or financial institution, submitting necessary documents, and completing the loan application. Once approved, you can proceed with the purchase.
Yes, taking a loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.
Factors include your credit score, income level, loan amount, and the duration of the loan. Banks may also consider current market rates.
Be aware of the total cost of the loan, including interest rates, processing fees, and insurance. Understand your repayment terms and conditions.
Yes, you can get a car loan if you are self-employed, but you may need to provide additional documentation to prove your income.