What are the requirements to apply for a car loan for the Terrain 2.0T SLT (AWD) in UAE?

To apply for a car loan, you typically need to provide proof of identity, proof of income, bank statements, and a credit score report. Some banks may also require a down payment.

How does taking a car loan affect my credit score?

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

What should I consider when choosing a car loan for the Terrain 2.0T SLT (AWD)?

Consider the interest rates, loan terms, any hidden fees, and whether the loan is fixed or variable rate. Also, evaluate your budget to ensure you can afford the monthly payments.

What factors can affect the loan interest rates for the Terrain 2.0T SLT (AWD)?

Factors that can affect loan interest rates include your credit score, the loan amount, the loan term, and current market conditions.

Can I refinance my car loan for the Terrain 2.0T SLT (AWD) later?

Yes, you can refinance your car loan later if you find better rates or terms that suit your financial situation. It can help lower your monthly payments.

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Terrain 2.0T SLT (AWD) Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 143,000

Down PaymentAED 28,600

Monthly PaymentAED 9,637
Total CostAED 144,244
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 9,637	AED 106,007
2	AED 9,637	AED 96,370
3	AED 9,637	AED 86,733
4	AED 9,637	AED 77,096
5	AED 9,637	AED 67,459
6	AED 9,637	AED 57,822
7	AED 9,637	AED 48,185
8	AED 9,637	AED 38,548
9	AED 9,637	AED 28,911
10	AED 9,637	AED 19,274
11	AED 9,637	AED 9,637
12	AED 9,637	AED 0

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Terrain 2.0T SLT (AWD) Car Loan Calculator FAQs in UAE

To apply for a car loan, you typically need to provide proof of identity, proof of income, bank statements, and a credit score report. Some banks may also require a down payment.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
Consider the interest rates, loan terms, any hidden fees, and whether the loan is fixed or variable rate. Also, evaluate your budget to ensure you can afford the monthly payments.
Factors that can affect loan interest rates include your credit score, the loan amount, the loan term, and current market conditions.
Yes, you can refinance your car loan later if you find better rates or terms that suit your financial situation. It can help lower your monthly payments.