Sonet 1.5L LX Car Loan Calculator in UAE

The car loan process typically involves choosing a lender, submitting necessary documents, applying for the loan, and getting approval. Once approved, you can finalize the purchase.

Yes, taking out a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.

Be aware of interest rates, loan terms, your budget for monthly repayments, and any additional fees or insurance requirements.

Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions may also play a role.

Many lenders allow early repayment, but some may charge a prepayment penalty. Check the terms of your loan agreement.