What is the loan process for purchasing a Terrain 1.5T SLE (FWD) in the UAE?

The loan process typically involves selecting a lender, filling out an application, providing necessary documents, and awaiting approval. Once approved, you will sign a loan agreement and make payments as per the terms.

Will taking a loan for the Terrain 1.5T SLE (FWD) affect my credit score?

Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score. However, missed payments can negatively impact it.

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

Consider your credit score, the interest rate offered, loan duration, down payment amount, and the total cost of the vehicle.

What is the average interest rate for car loans in the UAE?

The average interest rate for car loans in the UAE typically ranges from 3% to 5%, depending on the lender and your credit profile.

Are there any hidden fees when taking a car loan?

Yes, some lenders may charge processing fees, administrative fees, or early repayment penalties. It's important to read the loan agreement carefully.

CarteaCar Loan Calculator

Terrain 1.5T SLE (FWD) Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 124,000

Down PaymentAED 24,800

Monthly PaymentAED 8,357
Total CostAED 125,084
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 8,357	AED 91,927
2	AED 8,357	AED 83,570
3	AED 8,357	AED 75,213
4	AED 8,357	AED 66,856
5	AED 8,357	AED 58,499
6	AED 8,357	AED 50,142
7	AED 8,357	AED 41,785
8	AED 8,357	AED 33,428
9	AED 8,357	AED 25,071
10	AED 8,357	AED 16,714
11	AED 8,357	AED 8,357
12	AED 8,357	AED 0

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Terrain 1.5T SLE (FWD) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a lender, filling out an application, providing necessary documents, and awaiting approval. Once approved, you will sign a loan agreement and make payments as per the terms.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score. However, missed payments can negatively impact it.
Consider your credit score, the interest rate offered, loan duration, down payment amount, and the total cost of the vehicle.
The average interest rate for car loans in the UAE typically ranges from 3% to 5%, depending on the lender and your credit profile.
Yes, some lenders may charge processing fees, administrative fees, or early repayment penalties. It's important to read the loan agreement carefully.