What is the car loan process for purchasing a Roma 3.9T V8 in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and waiting for approval before purchasing the vehicle.

How does taking a loan for the Roma 3.9T V8 affect my credit score?

Taking a loan can impact your credit score positively if you make timely payments, but missing payments can negatively affect your score.

What documents are required for a car loan application for the Roma 3.9T V8?

Usually, you need to provide proof of income, identification, residence proof, and details about the vehicle you intend to purchase.

What factors can affect the interest rate for a car loan in UAE?

Factors include your credit score, the loan amount, the loan term, and the bank's policies.

Are there any hidden fees associated with a car loan for the Roma 3.9T V8?

Yes, some lenders may charge processing fees, insurance fees, and early repayment penalties, so it's important to read the loan agreement carefully.

CarteaCar Loan Calculator

Roma 3.9T V8 Car Loan Calculator in UAE

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

Monthly Payment

AED 64,393

Down Payment

AED 191,100

Total Cost

AED 963,816

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 64,393	AED 708,323
2	AED 64,393	AED 643,930
3	AED 64,393	AED 579,537
4	AED 64,393	AED 515,144
5	AED 64,393	AED 450,751
6	AED 64,393	AED 386,358
7	AED 64,393	AED 321,965
8	AED 64,393	AED 257,572
9	AED 64,393	AED 193,179
10	AED 64,393	AED 128,786
11	AED 64,393	AED 64,393
12	AED 64,393	AED 0

Monthly Payment Composition

Interest: 693

Principal: 63700

Roma 3.9T V8 Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and waiting for approval before purchasing the vehicle.
Taking a loan can impact your credit score positively if you make timely payments, but missing payments can negatively affect your score.
Usually, you need to provide proof of income, identification, residence proof, and details about the vehicle you intend to purchase.
Factors include your credit score, the loan amount, the loan term, and the bank's policies.
Yes, some lenders may charge processing fees, insurance fees, and early repayment penalties, so it's important to read the loan agreement carefully.