What are the financing options available for purchasing a 2019 Volkswagen Golf 1.0 TSI SEL in UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans tailored for vehicle purchases.

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

Taking a car loan can impact your credit score positively or negatively, depending on your repayment history. Timely payments can improve your score, while defaults can harm it.

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

Typically, you will need to provide proof of identity, proof of income, residency documents, and details about the vehicle you wish to purchase.

Are there any hidden fees when taking a car loan in UAE?

Yes, it is important to inquire about any hidden fees such as processing fees, early repayment fees, and insurance costs that may not be included in the initial loan offer.

What factors affect the interest rates on car loans in UAE?

Factors that can affect interest rates include your credit score, the loan amount, the loan tenure, and the lender's policies.

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Volkswagen Golf 2019 1.0 TSI SEL Car Loan Calculator in UAE

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

Monthly Payment

AED 7,852

Down Payment

AED 23,300

Total Cost

AED 117,524

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,852	AED 86,372
2	AED 7,852	AED 78,520
3	AED 7,852	AED 70,668
4	AED 7,852	AED 62,816
5	AED 7,852	AED 54,964
6	AED 7,852	AED 47,112
7	AED 7,852	AED 39,260
8	AED 7,852	AED 31,408
9	AED 7,852	AED 23,556
10	AED 7,852	AED 15,704
11	AED 7,852	AED 7,852
12	AED 7,852	AED 0

Monthly Payment Composition

Interest: 86

Principal: 7766

Volkswagen Golf 2019 1.0 TSI SEL Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans tailored for vehicle purchases.
Taking a car loan can impact your credit score positively or negatively, depending on your repayment history. Timely payments can improve your score, while defaults can harm it.
Typically, you will need to provide proof of identity, proof of income, residency documents, and details about the vehicle you wish to purchase.
Yes, it is important to inquire about any hidden fees such as processing fees, early repayment fees, and insurance costs that may not be included in the initial loan offer.
Factors that can affect interest rates include your credit score, the loan amount, the loan tenure, and the lender's policies.