What are the requirements for getting a loan to purchase the XT4 Sport 2.0T in the UAE?

To obtain a loan for the XT4 Sport 2.0T, you typically need a valid UAE residency, a steady income, and a good credit score. Additional documents like your Emirates ID, salary certificate, and bank statements may also be required.

How does taking a loan affect my credit score in the UAE?

Taking a loan can affect your credit score positively or negatively, depending on your payment history. Timely payments can improve your credit score, while missed payments can lower it.

What factors can affect the interest rate on my XT4 Sport 2.0T loan?

The interest rate on your loan can be influenced by your credit score, the loan term, the lender’s policies, and prevailing market rates. A higher credit score often results in a lower interest rate.

What should I consider before applying for a loan for the XT4 Sport 2.0T?

Before applying for a loan, consider your budget, the total cost of the vehicle including insurance and maintenance, your repayment capacity, and the loan terms offered by different lenders.

Can I refinance my XT4 Sport 2.0T loan later?

Yes, you can refinance your loan later if you find better interest rates or terms. However, consider any fees involved and how they may affect your overall savings.

CarteaCar Loan Calculator

XT4 Sport 2.0T Car Loan Calculator in UAE

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

Monthly Payment

AED 12,933

Down Payment

AED 38,380

Total Cost

AED 193,576

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 12,933	AED 142,263
2	AED 12,933	AED 129,330
3	AED 12,933	AED 116,397
4	AED 12,933	AED 103,464
5	AED 12,933	AED 90,531
6	AED 12,933	AED 77,598
7	AED 12,933	AED 64,665
8	AED 12,933	AED 51,732
9	AED 12,933	AED 38,799
10	AED 12,933	AED 25,866
11	AED 12,933	AED 12,933
12	AED 12,933	AED 0

Monthly Payment Composition

Interest: 140

Principal: 12793

XT4 Sport 2.0T Car Loan Calculator FAQs in UAE

To obtain a loan for the XT4 Sport 2.0T, you typically need a valid UAE residency, a steady income, and a good credit score. Additional documents like your Emirates ID, salary certificate, and bank statements may also be required.
Taking a loan can affect your credit score positively or negatively, depending on your payment history. Timely payments can improve your credit score, while missed payments can lower it.
The interest rate on your loan can be influenced by your credit score, the loan term, the lender’s policies, and prevailing market rates. A higher credit score often results in a lower interest rate.
Before applying for a loan, consider your budget, the total cost of the vehicle including insurance and maintenance, your repayment capacity, and the loan terms offered by different lenders.
Yes, you can refinance your loan later if you find better interest rates or terms. However, consider any fees involved and how they may affect your overall savings.