What are the loan options available for purchasing a Volkswagen Teramont 2019 3.6L R-Line w/o Sunroof (AWD) in UAE?

In the UAE, you can choose between various loan options such as traditional bank loans, auto financing from dealerships, or Islamic financing products.

How do I apply for a car loan for a Volkswagen Teramont in the UAE?

To apply for a car loan, you typically need to provide proof of income, identification documents, and details about the vehicle you wish to purchase.

Will taking a car loan affect my credit score?

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

What should I be aware of when getting a car loan?

Be aware of the interest rates, loan terms, any additional fees, and ensure you understand the total cost of the loan over its duration.

What factors influence the interest rate of a car loan?

Factors that influence the interest rate include your credit score, loan amount, loan term, and the lender's policies.

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Volkswagen Teramont 2019 3.6L R-Line w/o Sunroof (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 12,555

Down Payment

AED 37,260

Total Cost

AED 187,920

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 12,555	AED 138,105
2	AED 12,555	AED 125,550
3	AED 12,555	AED 112,995
4	AED 12,555	AED 100,440
5	AED 12,555	AED 87,885
6	AED 12,555	AED 75,330
7	AED 12,555	AED 62,775
8	AED 12,555	AED 50,220
9	AED 12,555	AED 37,665
10	AED 12,555	AED 25,110
11	AED 12,555	AED 12,555
12	AED 12,555	AED 0

Monthly Payment Composition

Interest: 135

Principal: 12420

Volkswagen Teramont 2019 3.6L R-Line w/o Sunroof (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose between various loan options such as traditional bank loans, auto financing from dealerships, or Islamic financing products.
To apply for a car loan, you typically need to provide proof of income, identification documents, and details about the vehicle you wish to purchase.
Yes, taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact your score.
Be aware of the interest rates, loan terms, any additional fees, and ensure you understand the total cost of the loan over its duration.
Factors that influence the interest rate include your credit score, loan amount, loan term, and the lender's policies.