What are the loan options available for purchasing the Traverse 3.6L LT (FWD) in UAE?

There are several loan options available including traditional bank loans, Islamic financing, and dealer financing. Each option has different terms and interest rates.

How do I apply for a car loan for the Traverse 3.6L LT (FWD)?

You can apply for a car loan by visiting your chosen bank or financial institution, filling out a loan application, and providing necessary documents such as income proof and identification.

Will taking a car loan affect my credit score?

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

What factors should I consider before taking a car loan?

Consider your budget, the total cost of the car, interest rates, loan terms, and your ability to make monthly payments.

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

Factors include your credit score, the length of the loan, the amount financed, and current market interest rates.

CarteaCar Loan Calculator

Traverse 3.6L LT (FWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 17,852

Down Payment

AED 52,980

Total Cost

AED 267,204

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 17,852	AED 196,372
2	AED 17,852	AED 178,520
3	AED 17,852	AED 160,668
4	AED 17,852	AED 142,816
5	AED 17,852	AED 124,964
6	AED 17,852	AED 107,112
7	AED 17,852	AED 89,260
8	AED 17,852	AED 71,408
9	AED 17,852	AED 53,556
10	AED 17,852	AED 35,704
11	AED 17,852	AED 17,852
12	AED 17,852	AED 0

Monthly Payment Composition

Interest: 192

Principal: 17660

Traverse 3.6L LT (FWD) Car Loan Calculator FAQs in UAE

There are several loan options available including traditional bank loans, Islamic financing, and dealer financing. Each option has different terms and interest rates.
You can apply for a car loan by visiting your chosen bank or financial institution, filling out a loan application, and providing necessary documents such as income proof and identification.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider your budget, the total cost of the car, interest rates, loan terms, and your ability to make monthly payments.
Factors include your credit score, the length of the loan, the amount financed, and current market interest rates.