What are the financing options available for purchasing a Rolls Royce Phantom 2018 in the UAE?

In the UAE, you can choose from various financing options including bank loans, dealership financing, and leasing. Each option has different terms and interest rates.

How can I apply for a car loan for the Rolls Royce Phantom 2018?

To apply for a car loan, you typically need to submit an application form along with required documents such as proof of income, residency, and identification. It’s advisable to check with specific banks for their requirements.

Will taking a loan for my Rolls Royce Phantom affect my credit score?

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

What are the key factors to consider when applying for a car loan?

Key factors include the loan amount, interest rate, repayment terms, your credit history, and any additional fees. It's important to review all details before committing.

What factors can affect the loan interest rate in the UAE?

Factors that can affect loan interest rates include the central bank's policy, the borrower's credit score, the loan amount, and the duration of the loan.

CarteaCar Loan Calculator

Rolls Royce Phantom 2018 6.75L Standard Wheelbase Car Loan Calculator in UAE

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

Monthly Payment

AED 151,630

Down Payment

AED 450,000

Total Cost

AED 2,269,560

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 151,630	AED 1,667,930
2	AED 151,630	AED 1,516,300
3	AED 151,630	AED 1,364,670
4	AED 151,630	AED 1,213,040
5	AED 151,630	AED 1,061,410
6	AED 151,630	AED 909,780
7	AED 151,630	AED 758,150
8	AED 151,630	AED 606,520
9	AED 151,630	AED 454,890
10	AED 151,630	AED 303,260
11	AED 151,630	AED 151,630
12	AED 151,630	AED 0

Monthly Payment Composition

Interest: 1630

Principal: 150000

Rolls Royce Phantom 2018 6.75L Standard Wheelbase Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options including bank loans, dealership financing, and leasing. Each option has different terms and interest rates.
To apply for a car loan, you typically need to submit an application form along with required documents such as proof of income, residency, and identification. It’s advisable to check with specific banks for their requirements.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Key factors include the loan amount, interest rate, repayment terms, your credit history, and any additional fees. It's important to review all details before committing.
Factors that can affect loan interest rates include the central bank's policy, the borrower's credit score, the loan amount, and the duration of the loan.