What are the loan options available for purchasing a Peugeot 208 1.2T GT in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealer financing, and personal loans. Each option may have different interest rates and terms.

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

Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.

What documents do I need to apply for a car loan for the Peugeot 208 1.2T GT?

Typically, you will need to provide your Emirates ID, proof of income, bank statements, and sometimes a credit report when applying for a car loan.

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

Factors that can affect your interest rate include your credit score, loan amount, loan term, and the bank's current lending policies.

Are there any hidden fees associated with car loans in the UAE?

Yes, there can be hidden fees such as processing fees, insurance, and early repayment penalties. It's important to review the loan terms thoroughly before signing.

CarteaCar Loan Calculator

208 1.2T GT Car Loan Calculator in UAE

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

Monthly Payment

AED 5,722

Down Payment

AED 16,980

Total Cost

AED 85,644

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,722	AED 62,942
2	AED 5,722	AED 57,220
3	AED 5,722	AED 51,498
4	AED 5,722	AED 45,776
5	AED 5,722	AED 40,054
6	AED 5,722	AED 34,332
7	AED 5,722	AED 28,610
8	AED 5,722	AED 22,888
9	AED 5,722	AED 17,166
10	AED 5,722	AED 11,444
11	AED 5,722	AED 5,722
12	AED 5,722	AED 0

Monthly Payment Composition

Interest: 62

Principal: 5660

208 1.2T GT Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealer financing, and personal loans. Each option may have different interest rates and terms.
Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.
Typically, you will need to provide your Emirates ID, proof of income, bank statements, and sometimes a credit report when applying for a car loan.
Factors that can affect your interest rate include your credit score, loan amount, loan term, and the bank's current lending policies.
Yes, there can be hidden fees such as processing fees, insurance, and early repayment penalties. It's important to review the loan terms thoroughly before signing.