What is the car loan process for purchasing the RX 350h Platinum 2.5L in the UAE?

The car loan process typically involves selecting the vehicle, applying for the loan with a bank, providing necessary documents, and completing the paperwork once approved.

Will taking a loan for the RX 350h Platinum 2.5L affect my credit score?

Yes, taking a loan will initially impact your credit score, but if you make timely repayments, it can improve your credit in the long run.

What factors can affect the interest rate on my car loan for the RX 350h Platinum 2.5L?

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

What documents are required to apply for a car loan in the UAE?

Typically, you will need a valid Emirates ID, proof of income, bank statements, and details of the vehicle.

Are there any penalties for early repayment of the car loan?

Some banks may charge a penalty for early repayment, while others may not. It's best to check with your bank for their specific policies.

CarteaCar Loan Calculator

RX 350h Platinum 2.5L Car Loan Calculator in UAE

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

Monthly Payment

AED 21,903

Down Payment

AED 65,000

Total Cost

AED 327,836

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 21,903	AED 240,933
2	AED 21,903	AED 219,030
3	AED 21,903	AED 197,127
4	AED 21,903	AED 175,224
5	AED 21,903	AED 153,321
6	AED 21,903	AED 131,418
7	AED 21,903	AED 109,515
8	AED 21,903	AED 87,612
9	AED 21,903	AED 65,709
10	AED 21,903	AED 43,806
11	AED 21,903	AED 21,903
12	AED 21,903	AED 0

Monthly Payment Composition

Interest: 237

Principal: 21666

RX 350h Platinum 2.5L Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, applying for the loan with a bank, providing necessary documents, and completing the paperwork once approved.
Yes, taking a loan will initially impact your credit score, but if you make timely repayments, it can improve your credit in the long run.
Factors include your credit history, the loan amount, the loan term, and the bank's policies.
Typically, you will need a valid Emirates ID, proof of income, bank statements, and details of the vehicle.
Some banks may charge a penalty for early repayment, while others may not. It's best to check with your bank for their specific policies.