What are the requirements to apply for a loan to purchase a Tesla Model 3 2021 Standard Range Plus in the UAE?

To apply for a loan, you typically need to provide proof of income, employment details, UAE residency documents, and identification. Some banks may also require a down payment.

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

Taking a loan can affect your credit score positively or negatively based on your repayment behavior. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when choosing a loan for a Tesla Model 3?

Consider the interest rate, loan tenure, monthly payments, any applicable fees, and the bank's reputation. It's important to compare offers from different banks.

Can I refinance my loan for the Tesla Model 3 later?

Yes, you can refinance your loan if you find a better interest rate or terms. However, check with your bank for any penalties or fees associated with refinancing.

What is the typical loan duration for purchasing a Tesla Model 3 in the UAE?

Typically, loan durations range from 1 to 5 years, but some banks may offer longer terms. The duration affects your monthly payment and total interest paid.

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Tesla Model 3 2021 Standard Range Plus Car Loan Calculator in UAE

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

Monthly Payment

AED 11,248

Down Payment

AED 33,380

Total Cost

AED 168,356

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,248	AED 123,728
2	AED 11,248	AED 112,480
3	AED 11,248	AED 101,232
4	AED 11,248	AED 89,984
5	AED 11,248	AED 78,736
6	AED 11,248	AED 67,488
7	AED 11,248	AED 56,240
8	AED 11,248	AED 44,992
9	AED 11,248	AED 33,744
10	AED 11,248	AED 22,496
11	AED 11,248	AED 11,248
12	AED 11,248	AED 0

Monthly Payment Composition

Interest: 122

Principal: 11126

Tesla Model 3 2021 Standard Range Plus Car Loan Calculator FAQs in UAE

To apply for a loan, you typically need to provide proof of income, employment details, UAE residency documents, and identification. Some banks may also require a down payment.
Taking a loan can affect your credit score positively or negatively based on your repayment behavior. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan tenure, monthly payments, any applicable fees, and the bank's reputation. It's important to compare offers from different banks.
Yes, you can refinance your loan if you find a better interest rate or terms. However, check with your bank for any penalties or fees associated with refinancing.
Typically, loan durations range from 1 to 5 years, but some banks may offer longer terms. The duration affects your monthly payment and total interest paid.