

5008 1.6T GT Line Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 10,102
Down Payment
AED 29,980
Total Cost
AED 151,204
Car Loan Monthly Installments Schedule
Repayment Schedule | Monthly Repayment | Remaining repayment amount |
---|---|---|
1 | AED 10,102 | AED 111,122 |
2 | AED 10,102 | AED 101,020 |
3 | AED 10,102 | AED 90,918 |
4 | AED 10,102 | AED 80,816 |
5 | AED 10,102 | AED 70,714 |
6 | AED 10,102 | AED 60,612 |
7 | AED 10,102 | AED 50,510 |
8 | AED 10,102 | AED 40,408 |
9 | AED 10,102 | AED 30,306 |
10 | AED 10,102 | AED 20,204 |
11 | AED 10,102 | AED 10,102 |
12 | AED 10,102 | AED 0 |
Monthly Payment Composition
Interest: 109
Principal: 9993
5008 1.6T GT Line Car Loan Calculator FAQs in UAE
The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and receiving loan approval. After approval, you can finalize the purchase.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.
You should consider your budget, the total loan amount, the interest rate, the loan term, and your repayment capacity. It's also wise to check for any additional fees.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the bank's policies. Market conditions can also play a role.
Typically, you will need to provide proof of income, identification documents, a residency visa, and possibly bank statements. It's advisable to check with the lender for specific requirements.
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