What are the typical interest rates for a car loan on a Suzuki Grand Vitara 2020 in the UAE?

Interest rates for car loans in the UAE typically range from 2.5% to 4.5% depending on the bank and loan terms.

How can I apply for a car loan for the Suzuki Grand Vitara in the UAE?

You can apply for a car loan online through your bank's website or by visiting a local branch with necessary documents such as your ID, salary certificate, and vehicle details.

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

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

What documents do I need to provide for a car loan application in the UAE?

Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and details of the vehicle you intend to purchase.

What factors can affect the loan amount I can get for the Suzuki Grand Vitara?

Factors include your income, credit score, existing debts, and the bank's lending policies.

CarteaCar Loan Calculator

Suzuki Grand Vitara 2020 2.4L JLX (3 Door) Car Loan Calculator in UAE

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

Monthly Payment

AED 4,509

Down Payment

AED 13,380

Total Cost

AED 67,488

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,509	AED 49,599
2	AED 4,509	AED 45,090
3	AED 4,509	AED 40,581
4	AED 4,509	AED 36,072
5	AED 4,509	AED 31,563
6	AED 4,509	AED 27,054
7	AED 4,509	AED 22,545
8	AED 4,509	AED 18,036
9	AED 4,509	AED 13,527
10	AED 4,509	AED 9,018
11	AED 4,509	AED 4,509
12	AED 4,509	AED 0

Monthly Payment Composition

Interest: 49

Principal: 4460

Suzuki Grand Vitara 2020 2.4L JLX (3 Door) Car Loan Calculator FAQs in UAE

Interest rates for car loans in the UAE typically range from 2.5% to 4.5% depending on the bank and loan terms.
You can apply for a car loan online through your bank's website or by visiting a local branch with necessary documents such as your ID, salary certificate, and vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and details of the vehicle you intend to purchase.
Factors include your income, credit score, existing debts, and the bank's lending policies.