What are the requirements for obtaining a car loan for the XC60 2.0T B5 MHEV Momentum in UAE?

To obtain a car loan in UAE for the XC60 2.0T B5 MHEV Momentum, you typically need to provide proof of income, a valid UAE residency visa, a copy of your Emirates ID, and bank statements for the last three months.

How does a car loan for the XC60 affect my credit score?

Taking out a car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when choosing a car loan for the XC60?

Consider factors such as interest rates, loan terms, monthly payment amounts, and any additional fees associated with the loan.

What is the typical interest rate for car loans in UAE?

Typical interest rates for car loans in UAE range between 3% to 6% depending on the bank and the applicant's credit history.

Can I pay off my car loan early for the XC60 2.0T B5 MHEV Momentum?

Yes, most banks allow early repayment of car loans, but be sure to check for any prepayment penalties.

CarteaCar Loan Calculator

XC60 2.0T B5 MHEV Momentum Car Loan Calculator in UAE

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

Monthly Payment

AED 13,479

Down Payment

AED 40,000

Total Cost

AED 201,748

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 13,479	AED 148,269
2	AED 13,479	AED 134,790
3	AED 13,479	AED 121,311
4	AED 13,479	AED 107,832
5	AED 13,479	AED 94,353
6	AED 13,479	AED 80,874
7	AED 13,479	AED 67,395
8	AED 13,479	AED 53,916
9	AED 13,479	AED 40,437
10	AED 13,479	AED 26,958
11	AED 13,479	AED 13,479
12	AED 13,479	AED 0

Monthly Payment Composition

Interest: 146

Principal: 13333

XC60 2.0T B5 MHEV Momentum Car Loan Calculator FAQs in UAE

To obtain a car loan in UAE for the XC60 2.0T B5 MHEV Momentum, you typically need to provide proof of income, a valid UAE residency visa, a copy of your Emirates ID, and bank statements for the last three months.
Taking out a car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
Consider factors such as interest rates, loan terms, monthly payment amounts, and any additional fees associated with the loan.
Typical interest rates for car loans in UAE range between 3% to 6% depending on the bank and the applicant's credit history.
Yes, most banks allow early repayment of car loans, but be sure to check for any prepayment penalties.