What is the car loan process for purchasing a Symbol 1.6L PE in the UAE?

The car loan process typically involves submitting an application, providing necessary documents, getting credit approval, and finalizing the loan agreement with a bank.

Will applying for a loan for the Symbol 1.6L PE affect my credit score?

Yes, applying for a loan may result in a hard inquiry on your credit report, which can temporarily lower your credit score.

What factors affect the interest rate on my car loan for the Symbol 1.6L PE?

Factors include your credit score, the loan term, the bank's policies, and current market interest rates.

What documents are required to apply for a car loan for the Symbol 1.6L PE?

You will generally need to provide proof of income, identification documents, residency proof, and information about the vehicle.

Are there any prepayment penalties for the loan on the Symbol 1.6L PE?

It depends on the bank's policy; some banks may charge a fee for early repayment while others do not.

CarteaCar Loan Calculator

Symbol 1.6L PE Car Loan Calculator in UAE

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

Monthly Payment

AED 2,780

Down Payment

AED 8,250

Total Cost

AED 41,610

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 2,780	AED 30,580
2	AED 2,780	AED 27,800
3	AED 2,780	AED 25,020
4	AED 2,780	AED 22,240
5	AED 2,780	AED 19,460
6	AED 2,780	AED 16,680
7	AED 2,780	AED 13,900
8	AED 2,780	AED 11,120
9	AED 2,780	AED 8,340
10	AED 2,780	AED 5,560
11	AED 2,780	AED 2,780
12	AED 2,780	AED 0

Monthly Payment Composition

Interest: 30

Principal: 2750

Symbol 1.6L PE Car Loan Calculator FAQs in UAE

The car loan process typically involves submitting an application, providing necessary documents, getting credit approval, and finalizing the loan agreement with a bank.
Yes, applying for a loan may result in a hard inquiry on your credit report, which can temporarily lower your credit score.
Factors include your credit score, the loan term, the bank's policies, and current market interest rates.
You will generally need to provide proof of income, identification documents, residency proof, and information about the vehicle.
It depends on the bank's policy; some banks may charge a fee for early repayment while others do not.