What are the financing options available for purchasing a Rolls Royce Phantom 2019 6.75L Short Wheelbase in the UAE?

In the UAE, you can consider various financing options such as bank loans, dealer financing, or personal loans. Each option may have different interest rates and terms.

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

Taking a loan can initially lower your credit score due to a hard inquiry, but making timely payments can improve your score over time.

What documents are required to apply for a car loan for the Rolls Royce Phantom?

You will typically need to provide identification, proof of income, bank statements, and details of the vehicle, including its price and specifications.

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

Factors that can influence the interest rate include your credit score, the loan amount, the term of the loan, and the lender's policies.

Are there any hidden fees when taking out a loan for a Rolls Royce Phantom?

Yes, you should be aware of potential hidden fees such as processing fees, early repayment penalties, and insurance requirements. Always read the loan agreement carefully.

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Rolls Royce Phantom 2019 6.75L Short Wheelbase Car Loan Calculator in UAE

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

Monthly Payment

AED 141,522

Down Payment

AED 420,000

Total Cost

AED 2,118,264

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 141,522	AED 1,556,742
2	AED 141,522	AED 1,415,220
3	AED 141,522	AED 1,273,698
4	AED 141,522	AED 1,132,176
5	AED 141,522	AED 990,654
6	AED 141,522	AED 849,132
7	AED 141,522	AED 707,610
8	AED 141,522	AED 566,088
9	AED 141,522	AED 424,566
10	AED 141,522	AED 283,044
11	AED 141,522	AED 141,522
12	AED 141,522	AED 0

Monthly Payment Composition

Interest: 1522

Principal: 140000

Rolls Royce Phantom 2019 6.75L Short Wheelbase Car Loan Calculator FAQs in UAE

In the UAE, you can consider various financing options such as bank loans, dealer financing, or personal loans. Each option may have different interest rates and terms.
Taking a loan can initially lower your credit score due to a hard inquiry, but making timely payments can improve your score over time.
You will typically need to provide identification, proof of income, bank statements, and details of the vehicle, including its price and specifications.
Factors that can influence the interest rate include your credit score, the loan amount, the term of the loan, and the lender's policies.
Yes, you should be aware of potential hidden fees such as processing fees, early repayment penalties, and insurance requirements. Always read the loan agreement carefully.