What are the typical interest rates for a car loan on a Sorento 3.5L EX1 (AWD) in the UAE?

Interest rates for car loans in the UAE typically range from 2.5% to 5%, depending on the bank and your credit history.

How can I apply for a car loan for a Sorento 3.5L EX1 (AWD) in the UAE?

You can apply for a car loan online through the bank's website, or visit a local branch to submit your application in person.

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

Typically, you need to provide your Emirates ID, proof of income, bank statements, and vehicle details.

Factors include your credit history, income level, employment stability, and the loan-to-value ratio of the car.

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

Total Car PriceAED 165,500

Down PaymentAED 33,100

Interest rates for car loans in the UAE typically range from 2.5% to 5%, depending on the bank and your credit history.
You can apply for a car loan online through the bank's website, or visit a local branch to submit your application in person.
Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
Typically, you need to provide your Emirates ID, proof of income, bank statements, and vehicle details.
Factors include your credit history, income level, employment stability, and the loan-to-value ratio of the car.