What are the eligibility criteria for obtaining a car loan for the Urvan 6-Seater Automatic in the 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, a valid residency visa, and a good credit score.

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

Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect your score.

What documents are required to apply for a car loan for the Urvan 6-Seater in the UAE?

Common documents include a copy of your passport, residency visa, salary certificate, bank statements, and a copy of the vehicle registration.

What should I consider before taking a car loan for the Urvan 6-Seater in the UAE?

Consider your budget, the total cost of the loan including interest, the loan term, and your ability to make monthly payments.

What factors can influence the interest rate on a car loan in the UAE?

Factors include your credit score, the loan amount, the loan duration, and the lender's policies.

CarteaCar Loan Calculator

Urvan 6-Seater Automatic (5-Door) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,504

Down Payment

AED 19,300

Total Cost

AED 97,348

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,504	AED 71,544
2	AED 6,504	AED 65,040
3	AED 6,504	AED 58,536
4	AED 6,504	AED 52,032
5	AED 6,504	AED 45,528
6	AED 6,504	AED 39,024
7	AED 6,504	AED 32,520
8	AED 6,504	AED 26,016
9	AED 6,504	AED 19,512
10	AED 6,504	AED 13,008
11	AED 6,504	AED 6,504
12	AED 6,504	AED 0

Monthly Payment Composition

Interest: 71

Principal: 6433

Urvan 6-Seater Automatic (5-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, a valid residency visa, and a good credit score.
Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect your score.
Common documents include a copy of your passport, residency visa, salary certificate, bank statements, and a copy of the vehicle registration.
Consider your budget, the total cost of the loan including interest, the loan term, and your ability to make monthly payments.
Factors include your credit score, the loan amount, the loan duration, and the lender's policies.