What is the car loan process for purchasing the Taurus 2.0L EcoBoost Titanium in the UAE?

The car loan process typically involves selecting the vehicle, choosing a lender, submitting necessary documents, and signing the loan agreement after approval.

Does taking a loan for the Taurus 2.0L EcoBoost Titanium affect my credit score in the UAE?

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

What factors should I consider when applying for a car loan for the Taurus 2.0L EcoBoost Titanium?

Consider your credit score, loan terms, interest rates, monthly payments, and total loan amount before applying.

What documents are typically required for a car loan application in the UAE?

Common documents include your Emirates ID, salary certificate, bank statements, and proof of residence.

How do interest rates on car loans for the Taurus 2.0L EcoBoost Titanium vary in the UAE?

Interest rates can vary based on the lender, your credit score, and the loan term. It's advisable to compare offers from multiple banks.

CarteaCar Loan Calculator

Taurus 2.0L EcoBoost Titanium Car Loan Calculator in UAE

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

Monthly Payment

AED 10,961

Down Payment

AED 32,529

Total Cost

AED 164,061

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,961	AED 120,571
2	AED 10,961	AED 109,610
3	AED 10,961	AED 98,649
4	AED 10,961	AED 87,688
5	AED 10,961	AED 76,727
6	AED 10,961	AED 65,766
7	AED 10,961	AED 54,805
8	AED 10,961	AED 43,844
9	AED 10,961	AED 32,883
10	AED 10,961	AED 21,922
11	AED 10,961	AED 10,961
12	AED 10,961	AED 0

Monthly Payment Composition

Interest: 118

Principal: 10843

Taurus 2.0L EcoBoost Titanium Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, choosing a lender, submitting necessary documents, and signing the loan agreement after approval.
Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
Consider your credit score, loan terms, interest rates, monthly payments, and total loan amount before applying.
Common documents include your Emirates ID, salary certificate, bank statements, and proof of residence.
Interest rates can vary based on the lender, your credit score, and the loan term. It's advisable to compare offers from multiple banks.