What are the eligibility criteria for getting a loan for a Tesla Model 3 2019 Performance (AWD) in the UAE?

To be eligible for a loan, you typically need to be at least 21 years old, have a stable income, and a good credit score. Banks may also require proof of residency and employment.

How does taking a loan for a Tesla Model 3 affect my credit score?

Taking a loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can significantly lower your score.

What are the typical interest rates for car loans in the UAE?

Interest rates for car loans in the UAE typically range from 3% to 5% annually, but they can vary based on the bank and your credit profile.

What documents do I need to provide for a car loan application?

You will typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residency. Additional documents may be required depending on the bank.

Are there any fees associated with taking a car loan in the UAE?

Yes, there may be processing fees, insurance costs, and possibly early repayment fees if you choose to pay off the loan early.

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Tesla Model 3 2019 Performance (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 14,550

Down Payment

AED 43,180

Total Cost

AED 217,780

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 14,550	AED 160,050
2	AED 14,550	AED 145,500
3	AED 14,550	AED 130,950
4	AED 14,550	AED 116,400
5	AED 14,550	AED 101,850
6	AED 14,550	AED 87,300
7	AED 14,550	AED 72,750
8	AED 14,550	AED 58,200
9	AED 14,550	AED 43,650
10	AED 14,550	AED 29,100
11	AED 14,550	AED 14,550
12	AED 14,550	AED 0

Monthly Payment Composition

Interest: 157

Principal: 14393

Tesla Model 3 2019 Performance (AWD) Car Loan Calculator FAQs in UAE

To be eligible for a loan, you typically need to be at least 21 years old, have a stable income, and a good credit score. Banks may also require proof of residency and employment.
Taking a loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can significantly lower your score.
Interest rates for car loans in the UAE typically range from 3% to 5% annually, but they can vary based on the bank and your credit profile.
You will typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residency. Additional documents may be required depending on the bank.
Yes, there may be processing fees, insurance costs, and possibly early repayment fees if you choose to pay off the loan early.