What are the eligibility criteria for obtaining a car loan for the Urvan 6-Seater Manual (5-Door) 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, and provide the necessary documentation such as a passport, residency visa, and salary certificate.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can negatively affect your score.

What are the common interest rates for car loans in the UAE?

Interest rates for car loans in the UAE typically range from 3% to 5% per annum, depending on the bank and your credit profile.

What documents do I need to apply for a car loan for the Urvan 6-Seater in the UAE?

To apply for a car loan, you will typically need your Emirates ID, salary certificate, bank statements, and proof of residence.

What factors influence the loan amount I can get for the Urvan 6-Seater?

The loan amount you can get typically depends on your income, credit score, the value of the vehicle, and the bank's policies.

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

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

Monthly Payment

AED 6,302

Down Payment

AED 18,700

Total Cost

AED 94,324

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,302	AED 69,322
2	AED 6,302	AED 63,020
3	AED 6,302	AED 56,718
4	AED 6,302	AED 50,416
5	AED 6,302	AED 44,114
6	AED 6,302	AED 37,812
7	AED 6,302	AED 31,510
8	AED 6,302	AED 25,208
9	AED 6,302	AED 18,906
10	AED 6,302	AED 12,604
11	AED 6,302	AED 6,302
12	AED 6,302	AED 0

Monthly Payment Composition

Interest: 69

Principal: 6233

Urvan 6-Seater Manual (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, and provide the necessary documentation such as a passport, residency visa, and salary certificate.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments or defaulting can negatively affect your score.
Interest rates for car loans in the UAE typically range from 3% to 5% per annum, depending on the bank and your credit profile.
To apply for a car loan, you will typically need your Emirates ID, salary certificate, bank statements, and proof of residence.
The loan amount you can get typically depends on your income, credit score, the value of the vehicle, and the bank's policies.