What is the car loan process for purchasing a Volkswagen Touareg 2021 3.0T R-Line in UAE?

The car loan process typically involves choosing the vehicle, submitting a loan application, providing necessary documents, and awaiting approval from the bank or financial institution.

Will taking a car loan affect my credit score in UAE?

Yes, taking a car loan can affect your credit score. A loan inquiry and your payment history will be reflected in your credit report.

What documents do I need to apply for a car loan for the Volkswagen Touareg?

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

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

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

Are there any hidden fees associated with car loans in UAE?

Yes, some banks may charge fees such as processing fees, early repayment fees, or insurance fees. It's important to read the loan agreement carefully.

CarteaCar Loan Calculator

Volkswagen Touareg 2021 3.0T R-Line (340 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 11,684

Down Payment

AED 34,675

Total Cost

AED 174,883

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,684	AED 128,524
2	AED 11,684	AED 116,840
3	AED 11,684	AED 105,156
4	AED 11,684	AED 93,472
5	AED 11,684	AED 81,788
6	AED 11,684	AED 70,104
7	AED 11,684	AED 58,420
8	AED 11,684	AED 46,736
9	AED 11,684	AED 35,052
10	AED 11,684	AED 23,368
11	AED 11,684	AED 11,684
12	AED 11,684	AED 0

Monthly Payment Composition

Interest: 126

Principal: 11558

Volkswagen Touareg 2021 3.0T R-Line (340 HP) Car Loan Calculator FAQs in UAE

The car loan process typically involves choosing the vehicle, submitting a loan application, providing necessary documents, and awaiting approval from the bank or financial institution.
Yes, taking a car loan can affect your credit score. A loan inquiry and your payment history will be reflected in your credit report.
You typically need your Emirates ID, salary certificate, bank statements, and proof of residency to apply for a car loan.
Factors that can affect the interest rate include your credit score, the loan amount, loan duration, and the bank's policies.
Yes, some banks may charge fees such as processing fees, early repayment fees, or insurance fees. It's important to read the loan agreement carefully.