What is the car loan process for purchasing a UX200 Premier in the UAE?

The car loan process typically involves checking your eligibility, selecting a lender, submitting necessary documents, and signing the loan agreement.

Will taking a loan for a UX200 Premier affect my credit score?

Yes, taking a loan can impact your credit score, as it reflects your credit utilization and repayment history.

What factors should I consider when applying for a car loan in the UAE?

Key factors include your credit score, income stability, loan interest rates, and the total loan amount.

How does the loan interest rate for a UX200 Premier vary between banks in the UAE?

Loan interest rates can vary based on the bank’s policies, your credit profile, and the overall economic conditions.

What documents are needed to apply for a car loan for a UX200 Premier?

Documents typically include your Emirates ID, salary certificate, bank statements, and proof of residence.

CarteaCar Loan Calculator

UX200 Premier Car Loan Calculator in UAE

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

Monthly Payment

AED 11,120

Down Payment

AED 33,000

Total Cost

AED 166,440

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,120	AED 122,320
2	AED 11,120	AED 111,200
3	AED 11,120	AED 100,080
4	AED 11,120	AED 88,960
5	AED 11,120	AED 77,840
6	AED 11,120	AED 66,720
7	AED 11,120	AED 55,600
8	AED 11,120	AED 44,480
9	AED 11,120	AED 33,360
10	AED 11,120	AED 22,240
11	AED 11,120	AED 11,120
12	AED 11,120	AED 0

Monthly Payment Composition

Interest: 120

Principal: 11000

UX200 Premier Car Loan Calculator FAQs in UAE

The car loan process typically involves checking your eligibility, selecting a lender, submitting necessary documents, and signing the loan agreement.
Yes, taking a loan can impact your credit score, as it reflects your credit utilization and repayment history.
Key factors include your credit score, income stability, loan interest rates, and the total loan amount.
Loan interest rates can vary based on the bank’s policies, your credit profile, and the overall economic conditions.
Documents typically include your Emirates ID, salary certificate, bank statements, and proof of residence.