What is the car loan process for purchasing a VX Black Gold 2.0T in the UAE?

The car loan process typically involves selecting a lender, submitting required documents, filling out an application, and waiting for approval. Once approved, you can sign the loan agreement and finalize the purchase.

Will taking a car loan for the VX Black Gold 2.0T affect my credit score?

Yes, taking a car loan can affect your credit score. On-time payments can improve your score, while missed payments can lower it.

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

Consider factors such as your credit score, interest rates, loan terms, monthly payments, and total cost of the loan.

What are the common interest rates for car loans in the UAE?

Interest rates for car loans in the UAE typically range from 3% to 5%, but may vary based on the lender and your credit profile.

What documents are required to apply for a car loan for a VX Black Gold 2.0T?

Generally, you will need to provide proof of income, identification, residency visa, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

VX Black Gold 2.0T Car Loan Calculator in UAE

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

Monthly Payment

AED 10,109

Down Payment

AED 30,000

Total Cost

AED 151,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 10,109	AED 111,199
2	AED 10,109	AED 101,090
3	AED 10,109	AED 90,981
4	AED 10,109	AED 80,872
5	AED 10,109	AED 70,763
6	AED 10,109	AED 60,654
7	AED 10,109	AED 50,545
8	AED 10,109	AED 40,436
9	AED 10,109	AED 30,327
10	AED 10,109	AED 20,218
11	AED 10,109	AED 10,109
12	AED 10,109	AED 0

Monthly Payment Composition

Interest: 110

Principal: 9999

VX Black Gold 2.0T Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting required documents, filling out an application, and waiting for approval. Once approved, you can sign the loan agreement and finalize the purchase.
Yes, taking a car loan can affect your credit score. On-time payments can improve your score, while missed payments can lower it.
Consider factors such as your credit score, interest rates, loan terms, monthly payments, and total cost of the loan.
Interest rates for car loans in the UAE typically range from 3% to 5%, but may vary based on the lender and your credit profile.
Generally, you will need to provide proof of income, identification, residency visa, and details about the vehicle you wish to purchase.