What are the loan options available for purchasing a Toyota Highlander 2021 2.5L Hybrid VXR (AWD) in the UAE?

In the UAE, you can choose from various loan options including fixed-rate loans, variable-rate loans, and personal loans specifically tailored for car purchases.

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

Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lead to a negative impact.

What documents do I need to provide to apply for a car loan in the UAE?

Typically, you will need to provide identification, proof of income, proof of residency, and details of the vehicle you intend to purchase.

Are there any fees associated with obtaining a car loan in the UAE?

Yes, there may be fees such as processing fees, insurance costs, and registration fees that you should consider when applying for a loan.

What factors can affect the interest rate of my car loan in the UAE?

Factors that can affect the interest rate include your credit score, the loan amount, the term of the loan, and the bank's lending policies.

CarteaCar Loan Calculator

Toyota Highlander 2021 2.5L Hybrid VXR (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 12,124

Down Payment

AED 35,980

Total Cost

AED 181,468

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 12,124	AED 133,364
2	AED 12,124	AED 121,240
3	AED 12,124	AED 109,116
4	AED 12,124	AED 96,992
5	AED 12,124	AED 84,868
6	AED 12,124	AED 72,744
7	AED 12,124	AED 60,620
8	AED 12,124	AED 48,496
9	AED 12,124	AED 36,372
10	AED 12,124	AED 24,248
11	AED 12,124	AED 12,124
12	AED 12,124	AED 0

Monthly Payment Composition

Interest: 131

Principal: 11993

Toyota Highlander 2021 2.5L Hybrid VXR (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options including fixed-rate loans, variable-rate loans, and personal loans specifically tailored for car purchases.
Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lead to a negative impact.
Typically, you will need to provide identification, proof of income, proof of residency, and details of the vehicle you intend to purchase.
Yes, there may be fees such as processing fees, insurance costs, and registration fees that you should consider when applying for a loan.
Factors that can affect the interest rate include your credit score, the loan amount, the term of the loan, and the bank's lending policies.