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5008 1.6T GT Line 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 10,102

Down Payment

AED 29,980

Total Cost

AED 151,204

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 10,102AED 111,122
2AED 10,102AED 101,020
3AED 10,102AED 90,918
4AED 10,102AED 80,816
5AED 10,102AED 70,714
6AED 10,102AED 60,612
7AED 10,102AED 50,510
8AED 10,102AED 40,408
9AED 10,102AED 30,306
10AED 10,102AED 20,204
11AED 10,102AED 10,102
12AED 10,102AED 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.