Soul 1.6L MPI A/T Car Loan Calculator in UAE

The car loan process typically involves selecting a bank, submitting your loan application along with required documents, receiving a loan approval, and finalizing the purchase with the dealership.

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

Consider your monthly income, existing debts, the loan interest rate, loan term, and your ability to make timely repayments.

You typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.

Common factors include your credit score, the loan amount, the loan term, and the overall economic conditions.