What are the financing options available for purchasing a Volkswagen Teramont 2018 3.6L SEL (AWD) in the UAE?

In the UAE, you can choose from various financing options, including bank loans, dealership financing, and personal loans. Each option has different terms and interest rates.

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

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

What documents are required to apply for a car loan for a Volkswagen Teramont in the UAE?

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

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

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

Are there any hidden fees when applying for a car loan in the UAE?

Yes, there can be hidden fees such as processing fees, insurance costs, and early repayment penalties. It's important to read the loan agreement carefully.

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Volkswagen Teramont 2018 3.6L SEL (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 9,240

Down Payment

AED 27,420

Total Cost

AED 138,300

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,240	AED 101,640
2	AED 9,240	AED 92,400
3	AED 9,240	AED 83,160
4	AED 9,240	AED 73,920
5	AED 9,240	AED 64,680
6	AED 9,240	AED 55,440
7	AED 9,240	AED 46,200
8	AED 9,240	AED 36,960
9	AED 9,240	AED 27,720
10	AED 9,240	AED 18,480
11	AED 9,240	AED 9,240
12	AED 9,240	AED 0

Monthly Payment Composition

Interest: 100

Principal: 9140

Volkswagen Teramont 2018 3.6L SEL (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options, including bank loans, dealership financing, and personal loans. Each option has different terms and interest rates.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
You will typically need your Emirates ID, salary certificate, bank statements, and proof of residence to apply for a car loan.
Factors that can affect the interest rate include your credit score, the loan amount, the loan tenure, and the lender's policies.
Yes, there can be hidden fees such as processing fees, insurance costs, and early repayment penalties. It's important to read the loan agreement carefully.