What is the car loan process for purchasing a Tesla Model X 2021 90D in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and then getting approval based on your creditworthiness and income.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.

What should I be aware of when applying for a car loan?

You should be aware of the interest rates, loan terms, hidden fees, and your total budget before applying for a car loan.

What factors can affect the loan interest rate for a Tesla Model X 2021 90D?

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

Are there any specific requirements for getting a car loan in UAE?

Yes, generally, you need to provide proof of income, a valid ID, residency proof, and sometimes a down payment.

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Tesla Model X 2021 90D Car Loan Calculator in UAE

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

Monthly Payment

AED 23,528

Down Payment

AED 69,825

Total Cost

AED 352,161

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 23,528	AED 258,808
2	AED 23,528	AED 235,280
3	AED 23,528	AED 211,752
4	AED 23,528	AED 188,224
5	AED 23,528	AED 164,696
6	AED 23,528	AED 141,168
7	AED 23,528	AED 117,640
8	AED 23,528	AED 94,112
9	AED 23,528	AED 70,584
10	AED 23,528	AED 47,056
11	AED 23,528	AED 23,528
12	AED 23,528	AED 0

Monthly Payment Composition

Interest: 253

Principal: 23275

Tesla Model X 2021 90D Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and then getting approval based on your creditworthiness and income.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
You should be aware of the interest rates, loan terms, hidden fees, and your total budget before applying for a car loan.
Factors that can affect the loan interest rate include your credit score, the loan amount, the loan duration, and the current market conditions.
Yes, generally, you need to provide proof of income, a valid ID, residency proof, and sometimes a down payment.