What is the car loan process for purchasing the XC90 2.0T B6 MHEV Inscription AWD in the UAE?

The car loan process typically involves selecting your vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.

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

Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can negatively affect it.

What are the essential documents required for a car loan application for the XC90 in the UAE?

Typically, you will need an Emirates ID, proof of income, bank statements, and the vehicle's purchase invoice.

What factors can affect the car loan interest rates in the UAE?

Factors include your credit score, the loan amount, the loan term, and the current economic conditions.

Are there any early repayment penalties for car loans in the UAE?

Some banks may impose early repayment penalties, while others might not. It’s important to check the specific terms of your loan agreement.

CarteaCar Loan Calculator

XC90 2.0T B6 MHEV Inscription AWD (7-seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 41,783

Down Payment

AED 124,000

Total Cost

AED 625,396

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 41,783	AED 459,613
2	AED 41,783	AED 417,830
3	AED 41,783	AED 376,047
4	AED 41,783	AED 334,264
5	AED 41,783	AED 292,481
6	AED 41,783	AED 250,698
7	AED 41,783	AED 208,915
8	AED 41,783	AED 167,132
9	AED 41,783	AED 125,349
10	AED 41,783	AED 83,566
11	AED 41,783	AED 41,783
12	AED 41,783	AED 0

Monthly Payment Composition

Interest: 450

Principal: 41333

XC90 2.0T B6 MHEV Inscription AWD (7-seater) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting your vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can negatively affect it.
Typically, you will need an Emirates ID, proof of income, bank statements, and the vehicle's purchase invoice.
Factors include your credit score, the loan amount, the loan term, and the current economic conditions.
Some banks may impose early repayment penalties, while others might not. It’s important to check the specific terms of your loan agreement.