What is the car loan process for purchasing a Touareg 3.0T TL (340 HP) in the UAE?

The car loan process typically involves selecting the car, applying for a loan through a bank, providing necessary documentation, and waiting for approval. You usually need to submit your income proof, identification, and residency details.

Will taking a car loan affect my credit score in the UAE?

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

What factors should I consider when applying for a car loan for the Touareg?

Consider the interest rates, loan tenure, monthly installments, and total cost of the loan. It's also important to check if there are any additional fees.

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

Interest rates for car loans in the UAE typically range from 3% to 5%, depending on the bank and your credit history.

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 residence.

CarteaCar Loan Calculator

Touareg 3.0T TL (340 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 24,396

Down Payment

AED 72,400

Total Cost

AED 365,152

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 24,396	AED 268,356
2	AED 24,396	AED 243,960
3	AED 24,396	AED 219,564
4	AED 24,396	AED 195,168
5	AED 24,396	AED 170,772
6	AED 24,396	AED 146,376
7	AED 24,396	AED 121,980
8	AED 24,396	AED 97,584
9	AED 24,396	AED 73,188
10	AED 24,396	AED 48,792
11	AED 24,396	AED 24,396
12	AED 24,396	AED 0

Monthly Payment Composition

Interest: 263

Principal: 24133

Touareg 3.0T TL (340 HP) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the car, applying for a loan through a bank, providing necessary documentation, and waiting for approval. You usually need to submit your income proof, identification, and residency details.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.
Consider the interest rates, loan tenure, monthly installments, and total cost of the loan. It's also important to check if there are any additional fees.
Interest rates for car loans in the UAE typically range from 3% to 5%, depending on the bank and your credit history.
You will typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.