What are the eligibility criteria for obtaining a car loan for the SONG PLUS FWD in the UAE?

Typically, you need to be at least 21 years old, have a steady income, and a good credit score to qualify for a car loan.

How does taking a car loan affect my credit score in the UAE?

Taking a car loan can positively or negatively impact your credit score depending on your repayment behavior. Timely payments can improve your score.

What documents do I need to provide for a car loan application in the UAE?

You typically need to provide identification, proof of income, bank statements, and details about the vehicle.

What factors can affect the interest rate on my car loan for the SONG PLUS FWD?

Interest rates can be affected by your credit score, the loan amount, the loan term, and the lender's policies.

Are there any hidden fees associated with car loans in the UAE?

Yes, there can be fees such as processing fees, insurance costs, and early repayment penalties, so it's important to read the loan agreement carefully.

CarteaCar Loan Calculator

Song Plus FWD Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 111,765

Down PaymentAED 22,353

Monthly PaymentAED 7,532
Total CostAED 112,737
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 7,532	AED 82,852
2	AED 7,532	AED 75,320
3	AED 7,532	AED 67,788
4	AED 7,532	AED 60,256
5	AED 7,532	AED 52,724
6	AED 7,532	AED 45,192
7	AED 7,532	AED 37,660
8	AED 7,532	AED 30,128
9	AED 7,532	AED 22,596
10	AED 7,532	AED 15,064
11	AED 7,532	AED 7,532
12	AED 7,532	AED 0

Car Finance Recommendation

Our Partnered Bank

In-house Team
Low Interset Rate
High Approval Rate

Song Plus FWD Car Loan Calculator FAQs in UAE

Typically, you need to be at least 21 years old, have a steady income, and a good credit score to qualify for a car loan.
Taking a car loan can positively or negatively impact your credit score depending on your repayment behavior. Timely payments can improve your score.
You typically need to provide identification, proof of income, bank statements, and details about the vehicle.
Interest rates can be affected by your credit score, the loan amount, the loan term, and the lender's policies.
Yes, there can be fees such as processing fees, insurance costs, and early repayment penalties, so it's important to read the loan agreement carefully.