What are the available financing options for purchasing the XUV 500 2.2L W10 (AWD) in UAE?

In UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans specifically tailored for vehicle purchases.

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

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

What documents are required to apply for a car loan for the XUV 500 in UAE?

Typically, you need to provide documents such as your Emirates ID, salary certificate, bank statements, and proof of residency to apply for a car loan.

What factors can affect the interest rate on my car loan in UAE?

Factors that can affect your car loan interest rate include your credit score, loan term, down payment amount, and the lender's policies.

Is it possible to refinance my car loan for the XUV 500 after obtaining it?

Yes, you can refinance your car loan if you find a better interest rate or more favorable terms, which can help reduce your monthly payments.

CarteaCar Loan Calculator

XUV 500 2.2L W10 (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 5,931

Down Payment

AED 17,600

Total Cost

AED 88,772

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,931	AED 65,241
2	AED 5,931	AED 59,310
3	AED 5,931	AED 53,379
4	AED 5,931	AED 47,448
5	AED 5,931	AED 41,517
6	AED 5,931	AED 35,586
7	AED 5,931	AED 29,655
8	AED 5,931	AED 23,724
9	AED 5,931	AED 17,793
10	AED 5,931	AED 11,862
11	AED 5,931	AED 5,931
12	AED 5,931	AED 0

Monthly Payment Composition

Interest: 65

Principal: 5866

XUV 500 2.2L W10 (AWD) Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans specifically tailored for vehicle purchases.
Taking a car loan can affect your credit score positively or negatively, depending on your repayment history. Timely payments can boost your score, while missed payments can lower it.
Typically, you need to provide documents such as your Emirates ID, salary certificate, bank statements, and proof of residency to apply for a car loan.
Factors that can affect your car loan interest rate include your credit score, loan term, down payment amount, and the lender's policies.
Yes, you can refinance your car loan if you find a better interest rate or more favorable terms, which can help reduce your monthly payments.