What is the loan process for purchasing a Teramont 3.6L Comfortline (AWD) in the UAE?

The loan process typically involves applying through a bank or financing company, providing necessary documentation, and awaiting approval before finalizing the purchase.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score, especially if you make timely payments, which can improve your score, or if you miss payments, which can lower it.

What factors should I consider when applying for a car loan?

Consider the interest rate, loan term, monthly payments, your credit score, and any additional fees or charges that may apply.

What is the average interest rate for a car loan in the UAE?

The average interest rate for a car loan in the UAE typically ranges from 3% to 7%, depending on the bank and your credit profile.

How can I improve my chances of getting approved for a car loan?

You can improve your chances by maintaining a good credit score, having a stable income, providing a substantial down payment, and ensuring all your documentation is in order.

CarteaCar Loan Calculator

Teramont 3.6L Comfortline (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 11,592

Down Payment

AED 34,400

Total Cost

AED 173,504

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,592	AED 127,512
2	AED 11,592	AED 115,920
3	AED 11,592	AED 104,328
4	AED 11,592	AED 92,736
5	AED 11,592	AED 81,144
6	AED 11,592	AED 69,552
7	AED 11,592	AED 57,960
8	AED 11,592	AED 46,368
9	AED 11,592	AED 34,776
10	AED 11,592	AED 23,184
11	AED 11,592	AED 11,592
12	AED 11,592	AED 0

Monthly Payment Composition

Interest: 126

Principal: 11466

Teramont 3.6L Comfortline (AWD) Car Loan Calculator FAQs in UAE

The loan process typically involves applying through a bank or financing company, providing necessary documentation, and awaiting approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score, especially if you make timely payments, which can improve your score, or if you miss payments, which can lower it.
Consider the interest rate, loan term, monthly payments, your credit score, and any additional fees or charges that may apply.
The average interest rate for a car loan in the UAE typically ranges from 3% to 7%, depending on the bank and your credit profile.
You can improve your chances by maintaining a good credit score, having a stable income, providing a substantial down payment, and ensuring all your documentation is in order.