Toyota Corolla 2019 1.6L Sport Car Loan Calculator in UAE

To qualify for a car loan, you typically need to be at least 21 years old, have a stable income, and a good credit score. Banks may also require proof of residency and employment.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

Consider the total cost of the loan, interest rates, loan tenure, monthly installments, and whether you can afford the payments within your budget.

Interest rates can be influenced by your credit score, loan amount, loan term, and the bank's policies. Economic conditions may also play a role.

Yes, you can negotiate the terms, including the interest rate and repayment period, with the lender. It's advisable to shop around for the best offers.