What is the loan process for purchasing a TXL Luxury 2.0T in UAE?

The loan process typically involves selecting a lender, submitting required documents, getting a loan approval, and then finalizing the purchase through the dealership.

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

Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can help improve your score over time.

What should I consider before applying for a TXL Luxury 2.0T loan?

Consider your budget, interest rates, loan terms, your credit score, and any additional fees that may apply.

What factors can influence the loan rate for a TXL Luxury 2.0T in UAE?

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

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

You typically need proof of identity, proof of income, bank statements, and details of the vehicle you wish to purchase.

CarteaCar Loan Calculator

TXL Luxury 2.0T Car Loan Calculator in UAE

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

Monthly Payment

AED 8,424

Down Payment

AED 25,000

Total Cost

AED 126,088

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,424	AED 92,664
2	AED 8,424	AED 84,240
3	AED 8,424	AED 75,816
4	AED 8,424	AED 67,392
5	AED 8,424	AED 58,968
6	AED 8,424	AED 50,544
7	AED 8,424	AED 42,120
8	AED 8,424	AED 33,696
9	AED 8,424	AED 25,272
10	AED 8,424	AED 16,848
11	AED 8,424	AED 8,424
12	AED 8,424	AED 0

Monthly Payment Composition

Interest: 91

Principal: 8333

TXL Luxury 2.0T Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a lender, submitting required documents, getting a loan approval, and then finalizing the purchase through the dealership.
Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can help improve your score over time.
Consider your budget, interest rates, loan terms, your credit score, and any additional fees that may apply.
Factors include your credit score, the length of the loan term, the amount of the down payment, and current market interest rates.
You typically need proof of identity, proof of income, bank statements, and details of the vehicle you wish to purchase.