What are the financing options available for purchasing a Tucson 2.0L Smart (AWD) in UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.

How does taking out a loan for a Tucson 2.0L Smart (AWD) affect my credit score?

Applying for a loan may cause a temporary decrease in your credit score due to the hard inquiry. However, timely payments can improve your credit score over time.

What are the essential documents required for a car loan application in UAE?

You typically need to provide a copy of your passport, residence visa, salary certificate, bank statements, and vehicle quotation.

What factors can affect the interest rate of my Tucson 2.0L Smart (AWD) loan?

Factors that affect your interest rate include your credit score, loan term, down payment amount, and the lender's policies.

Are prepayment penalties applicable if I pay off my Tucson 2.0L Smart (AWD) loan early?

Some lenders may charge a prepayment penalty, while others do not. Always check the loan agreement for details on this.

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Tucson 2.0L Smart (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 7,205

Down Payment

AED 21,380

Total Cost

AED 107,840

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,205	AED 79,255
2	AED 7,205	AED 72,050
3	AED 7,205	AED 64,845
4	AED 7,205	AED 57,640
5	AED 7,205	AED 50,435
6	AED 7,205	AED 43,230
7	AED 7,205	AED 36,025
8	AED 7,205	AED 28,820
9	AED 7,205	AED 21,615
10	AED 7,205	AED 14,410
11	AED 7,205	AED 7,205
12	AED 7,205	AED 0

Monthly Payment Composition

Interest: 79

Principal: 7126

Tucson 2.0L Smart (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.
Applying for a loan may cause a temporary decrease in your credit score due to the hard inquiry. However, timely payments can improve your credit score over time.
You typically need to provide a copy of your passport, residence visa, salary certificate, bank statements, and vehicle quotation.
Factors that affect your interest rate include your credit score, loan term, down payment amount, and the lender's policies.
Some lenders may charge a prepayment penalty, while others do not. Always check the loan agreement for details on this.