What are the loan options available for financing the Sportage 1.6T-GDI GT (AWD) in the UAE?

In the UAE, you can choose from various loan options such as personal loans, auto loans, or financing plans offered by banks and financial institutions specifically for vehicle purchases.

How does taking a loan for the Sportage 1.6T-GDI GT (AWD) affect my credit score?

Taking a loan can impact your credit score both positively and negatively. Timely repayments can improve your score, while missed payments can lower it.

What documents are needed to apply for an auto loan for the Sportage 1.6T-GDI GT (AWD)?

Typically, you will need to provide proof of income, residency, identification, and details about the vehicle you wish to purchase.

What factors can affect the interest rate on my loan for the Sportage 1.6T-GDI GT (AWD)?

Interest rates can be affected by factors such as your credit score, loan tenure, the lender's policies, and current market conditions.

Are there any hidden fees when taking a loan for the Sportage 1.6T-GDI GT (AWD)?

Yes, some lenders may charge processing fees, documentation fees, or early repayment penalties. It's essential to read the loan agreement carefully.

CarteaCar Loan Calculator

Sportage 1.6T-GDI GT (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 8,424

Down Payment

AED 25,000

Total Cost

AED 126,088

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,424	AED 92,664
2	AED 8,424	AED 84,240
3	AED 8,424	AED 75,816
4	AED 8,424	AED 67,392
5	AED 8,424	AED 58,968
6	AED 8,424	AED 50,544
7	AED 8,424	AED 42,120
8	AED 8,424	AED 33,696
9	AED 8,424	AED 25,272
10	AED 8,424	AED 16,848
11	AED 8,424	AED 8,424
12	AED 8,424	AED 0

Monthly Payment Composition

Interest: 91

Principal: 8333

Sportage 1.6T-GDI GT (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options such as personal loans, auto loans, or financing plans offered by banks and financial institutions specifically for vehicle purchases.
Taking a loan can impact your credit score both positively and negatively. Timely repayments can improve your score, while missed payments can lower it.
Typically, you will need to provide proof of income, residency, identification, and details about the vehicle you wish to purchase.
Interest rates can be affected by factors such as your credit score, loan tenure, the lender's policies, and current market conditions.
Yes, some lenders may charge processing fees, documentation fees, or early repayment penalties. It's essential to read the loan agreement carefully.