XTerra 2.5L SE (4WD) Car Loan Calculator in UAE

To qualify for a car loan in UAE, you typically need to be at least 21 years old, have a steady income, and provide necessary documents such as a passport, residency visa, and salary certificate.

Taking out a car loan can impact your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.

Factors influencing the interest rate include your credit score, the loan amount, the loan tenure, and the bank's current lending rates.

You will typically need to provide a copy of your passport, residency visa, salary certificate, bank statements, and sometimes proof of insurance.

Many banks in UAE allow early repayment of car loans without penalties, but it is essential to check the terms and conditions of your specific loan agreement.