What are the eligibility criteria for a car loan for the Urvan 3-Seater Automatic in UAE?

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a steady income, provide valid residency documents, and have a good credit score.

How can I apply for a car loan for the Urvan 3-Seater Automatic?

You can apply for a car loan through a bank or financial institution either online or by visiting their branch. You'll need to submit necessary documents such as ID, salary certificate, and bank statements.

Will a car loan affect my credit score?

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

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

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

What should I consider before taking out a car loan for the Urvan?

Before taking out a car loan, consider your budget, the total cost of the loan, monthly repayments, and the terms and conditions set by the lender.

CarteaCar Loan Calculator

Urvan 3-Seater Automatic (4-Door) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,099

Down Payment

AED 18,100

Total Cost

AED 91,288

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,099	AED 67,089
2	AED 6,099	AED 60,990
3	AED 6,099	AED 54,891
4	AED 6,099	AED 48,792
5	AED 6,099	AED 42,693
6	AED 6,099	AED 36,594
7	AED 6,099	AED 30,495
8	AED 6,099	AED 24,396
9	AED 6,099	AED 18,297
10	AED 6,099	AED 12,198
11	AED 6,099	AED 6,099
12	AED 6,099	AED 0

Monthly Payment Composition

Interest: 66

Principal: 6033

Urvan 3-Seater Automatic (4-Door) Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a steady income, provide valid residency documents, and have a good credit score.
You can apply for a car loan through a bank or financial institution either online or by visiting their branch. You'll need to submit necessary documents such as ID, salary certificate, and bank statements.
Yes, taking out a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.
Factors that can affect the interest rate include your credit score, loan amount, loan term, and the bank's policies.
Before taking out a car loan, consider your budget, the total cost of the loan, monthly repayments, and the terms and conditions set by the lender.