What is the loan process for purchasing a Toyota Coaster 2018 2.7L SWB (20-Seater) in the UAE?

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, submitting necessary documents, and waiting for approval before finalizing the purchase.

Will taking a loan for the Toyota Coaster affect my credit score?

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

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

Consider your credit score, income stability, loan terms, interest rates, and any additional fees associated with the loan.

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 6%, depending on the bank and the applicant's credit profile.

Are there any specific documents required for a car loan application?

Yes, typically you will need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.

CarteaCar Loan Calculator

Toyota Coaster 2018 2.7L SWB (20-Seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 13,020

Down Payment

AED 38,640

Total Cost

AED 194,880

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 13,020	AED 143,220
2	AED 13,020	AED 130,200
3	AED 13,020	AED 117,180
4	AED 13,020	AED 104,160
5	AED 13,020	AED 91,140
6	AED 13,020	AED 78,120
7	AED 13,020	AED 65,100
8	AED 13,020	AED 52,080
9	AED 13,020	AED 39,060
10	AED 13,020	AED 26,040
11	AED 13,020	AED 13,020
12	AED 13,020	AED 0

Monthly Payment Composition

Interest: 140

Principal: 12880

Toyota Coaster 2018 2.7L SWB (20-Seater) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, submitting necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
Consider your credit score, income stability, loan terms, interest rates, and any additional fees associated with the loan.
Interest rates for car loans in the UAE typically range from 3% to 6%, depending on the bank and the applicant's credit profile.
Yes, typically you will need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.