What are the typical loan terms for purchasing a Tesla Model X 2019 P100D in UAE?

Typically, loan terms can range from 24 to 60 months, with interest rates varying between 3% to 5% depending on the bank.

How does taking a car loan affect my credit score in UAE?

Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score over time.

You typically need proof of income, a good credit score, residency documents, and a down payment of around 20%.

Consider the interest rates, loan tenure, your financial stability, and any additional fees or insurance requirements.

Interest rates can vary based on the bank, your credit score, and the loan amount, typically ranging from 3% to 7%.

CarteaCar Loan Calculator

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

AED 23,528

AED 69,825

AED 352,161

Interest: 253

Principal: 23275

Typically, loan terms can range from 24 to 60 months, with interest rates varying between 3% to 5% depending on the bank.
Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score over time.
You typically need proof of income, a good credit score, residency documents, and a down payment of around 20%.
Consider the interest rates, loan tenure, your financial stability, and any additional fees or insurance requirements.
Interest rates can vary based on the bank, your credit score, and the loan amount, typically ranging from 3% to 7%.