What is the car loan process for purchasing a RX 350 Prestige 2.4L in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, submitting necessary documents such as ID, proof of income, and car details, followed by loan approval and signing the loan agreement.

Will taking a loan for RX 350 Prestige 2.4L affect my credit score?

Yes, taking a loan can affect your credit score. A new loan application may result in a hard inquiry on your credit report, which can temporarily lower your score. However, timely payments can help improve it.

What factors should I consider when applying for a car loan for RX 350 Prestige 2.4L?

Consider the interest rates, loan terms, monthly payments, your credit score, and any additional fees when applying for a car loan.

How can I improve my chances of getting approved for a car loan for RX 350 Prestige 2.4L?

To improve your chances, ensure your credit score is good, provide accurate financial information, and consider a larger down payment.

What are the common fees associated with a car loan for RX 350 Prestige 2.4L?

Common fees include processing fees, documentation fees, insurance costs, and potentially early repayment penalties.

CarteaCar Loan Calculator

RX 350 Prestige 2.4L Car Loan Calculator in UAE

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

Monthly Payment

AED 19,207

Down Payment

AED 57,000

Total Cost

AED 287,484

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 19,207	AED 211,277
2	AED 19,207	AED 192,070
3	AED 19,207	AED 172,863
4	AED 19,207	AED 153,656
5	AED 19,207	AED 134,449
6	AED 19,207	AED 115,242
7	AED 19,207	AED 96,035
8	AED 19,207	AED 76,828
9	AED 19,207	AED 57,621
10	AED 19,207	AED 38,414
11	AED 19,207	AED 19,207
12	AED 19,207	AED 0

Monthly Payment Composition

Interest: 207

Principal: 19000

RX 350 Prestige 2.4L Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, submitting necessary documents such as ID, proof of income, and car details, followed by loan approval and signing the loan agreement.
Yes, taking a loan can affect your credit score. A new loan application may result in a hard inquiry on your credit report, which can temporarily lower your score. However, timely payments can help improve it.
Consider the interest rates, loan terms, monthly payments, your credit score, and any additional fees when applying for a car loan.
To improve your chances, ensure your credit score is good, provide accurate financial information, and consider a larger down payment.
Common fees include processing fees, documentation fees, insurance costs, and potentially early repayment penalties.