What is the car loan process for purchasing a Teramont 2.0L Trendline (AWD) in UAE?

The car loan process typically involves selecting the vehicle, applying for a loan with your chosen bank, submitting necessary documents, and receiving approval before completing the purchase.

Will taking a loan for the Teramont 2.0L Trendline (AWD) affect my credit score?

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

What documents do I need to apply for a car loan for the Teramont 2.0L Trendline (AWD)?

You will typically need proof of income, identification, residency documents, and details about the vehicle.

What factors influence the interest rate on my car loan for the Teramont 2.0L Trendline (AWD)?

Factors include your credit score, loan amount, loan tenure, and the lender's policies.

What should I be cautious about when applying for a car loan in UAE?

Be cautious about hidden fees, the total cost of the loan including interest, and ensuring that your monthly repayments fit your budget.

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Teramont 2.0L Trendline (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 11,751

Down Payment

AED 34,874

Total Cost

AED 175,886

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,751	AED 129,261
2	AED 11,751	AED 117,510
3	AED 11,751	AED 105,759
4	AED 11,751	AED 94,008
5	AED 11,751	AED 82,257
6	AED 11,751	AED 70,506
7	AED 11,751	AED 58,755
8	AED 11,751	AED 47,004
9	AED 11,751	AED 35,253
10	AED 11,751	AED 23,502
11	AED 11,751	AED 11,751
12	AED 11,751	AED 0

Monthly Payment Composition

Interest: 127

Principal: 11624

Teramont 2.0L Trendline (AWD) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, applying for a loan with your chosen bank, submitting necessary documents, and receiving approval before completing the purchase.
Yes, taking out a loan can impact your credit score. Timely repayments can improve it, while missed payments can lower it.
You will typically need proof of income, identification, residency documents, and details about the vehicle.
Factors include your credit score, loan amount, loan tenure, and the lender's policies.
Be cautious about hidden fees, the total cost of the loan including interest, and ensuring that your monthly repayments fit your budget.