What are the eligibility criteria for obtaining a car loan for the Soueast DX7 2020 1.8T Prime in UAE?

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a valid UAE residence visa, a stable income, and a good credit score.

How can I apply for a car loan for the Soueast DX7 2020 1.8T Prime?

You can apply for a car loan through banks or financial institutions in UAE. The application process usually involves submitting your income documents, ID, and vehicle details.

Will taking a car loan for the Soueast DX7 affect my credit score?

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

What factors should I consider when choosing a car loan for the Soueast DX7?

Consider the interest rate, loan tenure, processing fees, prepayment options, and your monthly budget when choosing a car loan.

What are the current interest rates for car loans in UAE?

Current interest rates for car loans in UAE typically range from 2.5% to 5% depending on the bank and the borrower's credit profile.

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Soueast DX7 2020 1.8T Prime Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 68,500

Down PaymentAED 13,700

Monthly PaymentAED 4,617
Total CostAED 69,104
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 4,617	AED 50,787
2	AED 4,617	AED 46,170
3	AED 4,617	AED 41,553
4	AED 4,617	AED 36,936
5	AED 4,617	AED 32,319
6	AED 4,617	AED 27,702
7	AED 4,617	AED 23,085
8	AED 4,617	AED 18,468
9	AED 4,617	AED 13,851
10	AED 4,617	AED 9,234
11	AED 4,617	AED 4,617
12	AED 4,617	AED 0

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Soueast DX7 2020 1.8T Prime Car Loan Calculator FAQs in UAE

To be eligible for a car loan in UAE, you typically need to be at least 21 years old, have a valid UAE residence visa, a stable income, and a good credit score.
You can apply for a car loan through banks or financial institutions in UAE. The application process usually involves submitting your income documents, ID, and vehicle details.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can lower it.
Consider the interest rate, loan tenure, processing fees, prepayment options, and your monthly budget when choosing a car loan.
Current interest rates for car loans in UAE typically range from 2.5% to 5% depending on the bank and the borrower's credit profile.