What are the eligibility criteria for obtaining a car loan for a Toyota Corolla 2020 1.8L GLI Hybrid in UAE?

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

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

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

What documentation is required to apply for a car loan in UAE?

You will typically need to provide identification documents, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

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

What factors can affect the exchange rate for a car loan in UAE?

Factors that can affect the exchange rate include economic conditions, interest rates set by the central bank, and market demand for currency.

CarteaCar Loan Calculator

Toyota Corolla 2020 1.8L GLI Hybrid Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car Price-

Down PaymentAED 19,180

Monthly PaymentAED 76,848
Total CostAED 96,028
Loan Period1 Month

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 76,848	AED 0

Car Finance Recommendation

Our Partnered Bank

In-house Team
Low Interset Rate
High Approval Rate

Toyota Corolla 2020 1.8L GLI Hybrid Car Loan Calculator FAQs in UAE

To be eligible for a car loan, you typically need to be at least 21 years old, have a stable income, and a good credit score. Additionally, banks may require proof of residency and employment.
Taking a car loan can affect your credit score positively if you make timely payments. However, late payments or defaulting can negatively impact your score.
You will typically need to provide identification documents, proof of income, bank statements, and details of the vehicle you wish to purchase.
Interest rates for car loans in UAE typically range from 3% to 5% depending on the bank, the loan amount, and your credit history.
Factors that can affect the exchange rate include economic conditions, interest rates set by the central bank, and market demand for currency.

Popular Cars in UAE

Toyota Hilux

AED 77.0k ~ 169.9k

Toyota Land Cruiser

AED 215.9k ~ 412.9k

Toyota Prado

AED 199.9k ~ 264.9k

Toyota Land Cruiser Pick Up

AED 150.7k ~ 151.2k

Toyota Fortuner

AED 114.9k ~ 175.8k

Toyota RAV4

AED 99.9k ~ 152.9k

Toyota Hiace

AED 95.5k ~ 142.0k

Toyota Camry

AED 91.0k ~ 146.4k

Toyota Highlander

AED 84.7k ~ 199.9k

Toyota Corolla

AED 70.9k ~ 95.9k

Toyota Corolla Cross

AED 89.9k ~ 109.9k

Toyota Coaster

AED 193.2k ~ 220.5k

Toyota Rush

AED 68.5k ~ 76.9k

Toyota Grand Highlander

AED 156.9k ~ 181.9k

Toyota Tundra

AED 235.0k

Toyota Raize

AED 59.0k ~ 777.6k

Toyota Granvia

AED 177.0k ~ 211.9k

Toyota Veloz

AED 80.9k

Toyota FJ Cruiser

AED 147.0k ~ 200.3k

Toyota Yaris

AED 58.7k ~ 74.1k

Toyota Sequoia

AED 345.0k ~ 445.0k

Toyota Crown

AED 199.9k ~ 229.9k

Toyota Urban Cruiser

AED 79.9k ~ 84.9k

Toyota CHR

AED 86.9k ~ 102.9k

Toyota Tacoma

AED 200.0k

Toyota Avalon

AED 144.9k ~ 164.9k

Toyota Innova

AED 97.0k ~ 138.9k

Toyota Lite Ace

AED 74.9k

Toyota 4Runner

AED 170.0k

Toyota Sienna

AED 150.5k

Toyota Alphard

AED 430.0k

Toyota bZ3

AED 140.0k

Toyota Prius

AED 87.0k ~ 105.0k

Toyota GR86

AED 130.5k

Toyota Avanza

AED 63.5k ~ 67.5k

Toyota Century

AED 500.0k

Toyota Century SUV

AED 650.0k

Toyota Land Cruiser 70

AED 169.9k ~ 179.9k

Toyota Previa

AED 132.2k ~ 144.8k

Toyota Supra

AED 179.9k ~ 218.9k

Toyota Vellfire

AED 2.2m

Toyota Yaris Sedan

AED 59.9k ~ 79.9k

Toyota Camry HEV

AED 142.9k

Toyota Land Cruiser Hybrid

AED 389.9k ~ 409.9k