What are the financing options available for purchasing a Sportage 2.0L MPI LX (FWD) in UAE?

In UAE, you can choose from various financing options such as bank loans, dealer financing, and personal loans. It's essential to compare interest rates and terms before deciding.

How do I apply for a car loan for the Sportage 2.0L MPI LX (FWD)?

To apply for a car loan, you usually need to provide documents like your ID, proof of income, and details about the vehicle. You can apply online or visit a bank branch.

Will taking out a loan for the Sportage 2.0L MPI LX (FWD) affect my credit score?

Yes, applying for a loan can affect your credit score as lenders will perform a credit check. However, timely payments can help improve your score over time.

What factors should I consider when choosing a car loan in UAE?

Consider factors like the interest rate, loan tenure, monthly payments, and any additional fees. Make sure the terms align with your financial situation.

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

Interest rates for car loans in UAE typically range from 3% to 6% depending on the lender and your credit profile. It's advisable to shop around for the best rates.

CarteaCar Loan Calculator

Sportage 2.0L MPI LX (FWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,605

Down Payment

AED 19,600

Total Cost

AED 98,860

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,605	AED 72,655
2	AED 6,605	AED 66,050
3	AED 6,605	AED 59,445
4	AED 6,605	AED 52,840
5	AED 6,605	AED 46,235
6	AED 6,605	AED 39,630
7	AED 6,605	AED 33,025
8	AED 6,605	AED 26,420
9	AED 6,605	AED 19,815
10	AED 6,605	AED 13,210
11	AED 6,605	AED 6,605
12	AED 6,605	AED 0

Monthly Payment Composition

Interest: 72

Principal: 6533

Sportage 2.0L MPI LX (FWD) Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options such as bank loans, dealer financing, and personal loans. It's essential to compare interest rates and terms before deciding.
To apply for a car loan, you usually need to provide documents like your ID, proof of income, and details about the vehicle. You can apply online or visit a bank branch.
Yes, applying for a loan can affect your credit score as lenders will perform a credit check. However, timely payments can help improve your score over time.
Consider factors like the interest rate, loan tenure, monthly payments, and any additional fees. Make sure the terms align with your financial situation.
Interest rates for car loans in UAE typically range from 3% to 6% depending on the lender and your credit profile. It's advisable to shop around for the best rates.