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212 2024 Car Loan Calculator in UAE

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

select car *

car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 4,650

Down Payment

AED 13,800

Total Cost

AED 69,600

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 4,650AED 51,150
2AED 4,650AED 46,500
3AED 4,650AED 41,850
4AED 4,650AED 37,200
5AED 4,650AED 32,550
6AED 4,650AED 27,900
7AED 4,650AED 23,250
8AED 4,650AED 18,600
9AED 4,650AED 13,950
10AED 4,650AED 9,300
11AED 4,650AED 4,650
12AED 4,650AED 0

Monthly Payment Composition

Interest: 50
Principal: 4600

212 2024 Car Loan Calculator FAQs in UAE

A car loan for the 2024 model in UAE is a financial product that allows you to borrow money to purchase a 2024 vehicle, which you will repay over a specified term with interest.

You can apply for a car loan by visiting a bank or financial institution, filling out an application form, providing necessary documents like ID, income proof, and vehicle details.

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

You should be aware of the interest rates, loan terms, any additional fees, and the total cost of the loan, including insurance and maintenance.

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