What are the loan options available for purchasing a Sorento 2.5L LX (RWD) in UAE?

In the UAE, you can choose from various loan options including bank financing, dealer financing, and personal loans specifically tailored for vehicle purchases.

How can I apply for a car loan for the Sorento 2.5L LX (RWD) in the UAE?

You can apply for a car loan by visiting a bank or financial institution, completing an application form, and providing the necessary documents such as proof of income, identification, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. Timely repayments can improve your score, while missed payments can negatively affect it.

What factors should I consider when applying for a car loan in the UAE?

Consider factors such as interest rates, loan tenure, monthly repayment amounts, and any additional fees or charges associated with the loan.

What factors influence the loan rates for a Sorento 2.5L LX (RWD) in UAE?

Loan rates can be influenced by the borrower's credit score, the loan amount, the term of the loan, and the prevailing economic conditions and bank policies.

CarteaCar Loan Calculator

Sorento 2.5L LX (RWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 7,818

Down Payment

AED 23,200

Total Cost

AED 117,016

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,818	AED 85,998
2	AED 7,818	AED 78,180
3	AED 7,818	AED 70,362
4	AED 7,818	AED 62,544
5	AED 7,818	AED 54,726
6	AED 7,818	AED 46,908
7	AED 7,818	AED 39,090
8	AED 7,818	AED 31,272
9	AED 7,818	AED 23,454
10	AED 7,818	AED 15,636
11	AED 7,818	AED 7,818
12	AED 7,818	AED 0

Monthly Payment Composition

Interest: 85

Principal: 7733

Sorento 2.5L LX (RWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options including bank financing, dealer financing, and personal loans specifically tailored for vehicle purchases.
You can apply for a car loan by visiting a bank or financial institution, completing an application form, and providing the necessary documents such as proof of income, identification, and vehicle details.
Yes, taking a car loan can impact your credit score. Timely repayments can improve your score, while missed payments can negatively affect it.
Consider factors such as interest rates, loan tenure, monthly repayment amounts, and any additional fees or charges associated with the loan.
Loan rates can be influenced by the borrower's credit score, the loan amount, the term of the loan, and the prevailing economic conditions and bank policies.