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308 1.6L GT Line Car Loan Calculator in UAE

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

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car price (AED)*

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

Monthly Payment

AED 6,329

Down Payment

AED 18,780

Total Cost

AED 94,728

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 6,329AED 69,619
2AED 6,329AED 63,290
3AED 6,329AED 56,961
4AED 6,329AED 50,632
5AED 6,329AED 44,303
6AED 6,329AED 37,974
7AED 6,329AED 31,645
8AED 6,329AED 25,316
9AED 6,329AED 18,987
10AED 6,329AED 12,658
11AED 6,329AED 6,329
12AED 6,329AED 0

Monthly Payment Composition

Interest: 69
Principal: 6260

308 1.6L GT Line Car Loan Calculator FAQs in UAE

A car loan for the 308 1.6L GT Line in the UAE is a financial agreement where a bank or financial institution provides the funds to purchase the vehicle, which you then repay over a specified period with interest.

To apply for a car loan, you typically need to visit a bank or financial institution, provide necessary documentation such as proof of income, identification, and details about the vehicle, and fill out a loan application form.

Yes, taking out a loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.

You should consider the interest rate, loan term, your monthly budget for repayments, and any additional fees associated with the loan.

Factors that can affect the interest rate include your credit score, the loan amount, the duration of the loan, and prevailing market rates.