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.

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SONG PLUS FWD Car Loan Calculator in UAE

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

Monthly Payment

AED 8,013

Down Payment

AED 23,780

Total Cost

AED 119,936

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,013	AED 88,143
2	AED 8,013	AED 80,130
3	AED 8,013	AED 72,117
4	AED 8,013	AED 64,104
5	AED 8,013	AED 56,091
6	AED 8,013	AED 48,078
7	AED 8,013	AED 40,065
8	AED 8,013	AED 32,052
9	AED 8,013	AED 24,039
10	AED 8,013	AED 16,026
11	AED 8,013	AED 8,013
12	AED 8,013	AED 0

Monthly Payment Composition

Interest: 87

Principal: 7926

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.