What is the process for obtaining a car loan for the Staria 3.5L Premium (9 Seater) in the UAE?

To obtain a car loan for the Staria 3.5L Premium in the UAE, you need to select a bank, submit your application with required documents such as salary certificates, ID, and bank statements, and wait for the bank's approval.

Will taking a car loan affect my credit score in the UAE?

Yes, taking a car loan can affect your credit score as it reflects your credit utilization and repayment behavior. Timely payments can improve your score, while defaults can hurt it.

What should I be aware of when applying for a car loan?

Be aware of the interest rates, loan tenure, and any hidden fees. It's also important to understand the total cost of the loan over its duration.

What factors influence the interest rate for my car loan in the UAE?

Factors include your credit score, the amount of down payment, the loan amount, and the bank's policies. Economic conditions can also play a role.

Is it better to get a secured or unsecured car loan for the Staria 3.5L Premium?

A secured loan usually offers lower interest rates and better terms since it is backed by collateral, like the car itself. Unsecured loans may have higher rates but do not require collateral.

CarteaCar Loan Calculator

Staria 3.5L Premium (9 Seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 10,109

Down Payment

AED 30,000

Total Cost

AED 151,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,109	AED 111,199
2	AED 10,109	AED 101,090
3	AED 10,109	AED 90,981
4	AED 10,109	AED 80,872
5	AED 10,109	AED 70,763
6	AED 10,109	AED 60,654
7	AED 10,109	AED 50,545
8	AED 10,109	AED 40,436
9	AED 10,109	AED 30,327
10	AED 10,109	AED 20,218
11	AED 10,109	AED 10,109
12	AED 10,109	AED 0

Monthly Payment Composition

Interest: 109

Principal: 10000

Staria 3.5L Premium (9 Seater) Car Loan Calculator FAQs in UAE

To obtain a car loan for the Staria 3.5L Premium in the UAE, you need to select a bank, submit your application with required documents such as salary certificates, ID, and bank statements, and wait for the bank's approval.
Yes, taking a car loan can affect your credit score as it reflects your credit utilization and repayment behavior. Timely payments can improve your score, while defaults can hurt it.
Be aware of the interest rates, loan tenure, and any hidden fees. It's also important to understand the total cost of the loan over its duration.
Factors include your credit score, the amount of down payment, the loan amount, and the bank's policies. Economic conditions can also play a role.
A secured loan usually offers lower interest rates and better terms since it is backed by collateral, like the car itself. Unsecured loans may have higher rates but do not require collateral.