What is the loan process for purchasing a Suzuki Ignis 2018 1.2 GLX in the UAE?

The loan process generally involves checking your credit score, selecting a bank, submitting an application with required documents, and waiting for approval before finalizing the purchase.

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 it, while missed payments can harm it.

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

Be aware of the interest rates, loan tenure, monthly installments, and any hidden fees. It's also essential to understand the total cost of the loan.

What factors can influence the loan interest rate for a Suzuki Ignis 2018 1.2 GLX?

Factors include your credit score, the loan amount, the loan tenure, and the bank's current interest rates.

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

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

CarteaCar Loan Calculator

Suzuki Ignis 2018 1.2 GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 3,744

Down Payment

AED 11,109

Total Cost

AED 56,037

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,744	AED 41,184
2	AED 3,744	AED 37,440
3	AED 3,744	AED 33,696
4	AED 3,744	AED 29,952
5	AED 3,744	AED 26,208
6	AED 3,744	AED 22,464
7	AED 3,744	AED 18,720
8	AED 3,744	AED 14,976
9	AED 3,744	AED 11,232
10	AED 3,744	AED 7,488
11	AED 3,744	AED 3,744
12	AED 3,744	AED 0

Monthly Payment Composition

Interest: 41

Principal: 3703

Suzuki Ignis 2018 1.2 GLX Car Loan Calculator FAQs in UAE

The loan process generally involves checking your credit score, selecting a bank, submitting an application with required documents, and waiting for approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can harm it.
Be aware of the interest rates, loan tenure, monthly installments, and any hidden fees. It's also essential to understand the total cost of the loan.
Factors include your credit score, the loan amount, the loan tenure, and the bank's current interest rates.
You typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.