What are the eligibility requirements for a Traveller L3 VIP car loan in UAE?

To qualify for a Traveller L3 VIP car loan in UAE, you typically need to be at least 21 years old, have a steady income, and provide identity and residency proof.

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

Taking a car loan can impact your credit score positively if you make timely payments, but late payments can lower your score.

What documents do I need to apply for a Traveller L3 VIP car loan?

You'll typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.

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

Interest rates on car loans can be influenced by your credit score, loan amount, loan term, and the financial institution's policies.

What should I be aware of when choosing a car loan for Traveller L3 VIP?

Be aware of the total cost of the loan, including interest and fees, the repayment period, and the flexibility of the payment options.

CarteaCar Loan Calculator

Traveller L3 VIP Car Loan Calculator in UAE

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

Monthly Payment

AED 9,765

Down Payment

AED 28,980

Total Cost

AED 146,160

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,765	AED 107,415
2	AED 9,765	AED 97,650
3	AED 9,765	AED 87,885
4	AED 9,765	AED 78,120
5	AED 9,765	AED 68,355
6	AED 9,765	AED 58,590
7	AED 9,765	AED 48,825
8	AED 9,765	AED 39,060
9	AED 9,765	AED 29,295
10	AED 9,765	AED 19,530
11	AED 9,765	AED 9,765
12	AED 9,765	AED 0

Monthly Payment Composition

Interest: 105

Principal: 9660

Traveller L3 VIP Car Loan Calculator FAQs in UAE

To qualify for a Traveller L3 VIP car loan in UAE, you typically need to be at least 21 years old, have a steady income, and provide identity and residency proof.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can lower your score.
You'll typically need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.
Interest rates on car loans can be influenced by your credit score, loan amount, loan term, and the financial institution's policies.
Be aware of the total cost of the loan, including interest and fees, the repayment period, and the flexibility of the payment options.