What are the loan options available for purchasing the Peugeot 508 1.6T Allure Turbo in the UAE?

In the UAE, you can choose from various loan options including bank financing, dealership financing, and personal loans tailored for vehicle purchases.

How do I apply for a car loan for the Peugeot 508 1.6T Allure Turbo?

You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as your ID, income proof, and vehicle details.

Will taking a car loan affect my credit score?

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

What should I consider before taking a loan for the Peugeot 508 1.6T Allure Turbo?

Consider your monthly budget, the interest rates, loan tenure, and any additional fees involved in the loan process.

What factors can influence the interest rate on my car loan?

Factors include your credit score, loan amount, loan term, and the current market interest rates.

CarteaCar Loan Calculator

508 1.6T Allure Turbo Car Loan Calculator in UAE

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

Monthly Payment

AED 8,081

Down Payment

AED 23,980

Total Cost

AED 120,952

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,081	AED 88,891
2	AED 8,081	AED 80,810
3	AED 8,081	AED 72,729
4	AED 8,081	AED 64,648
5	AED 8,081	AED 56,567
6	AED 8,081	AED 48,486
7	AED 8,081	AED 40,405
8	AED 8,081	AED 32,324
9	AED 8,081	AED 24,243
10	AED 8,081	AED 16,162
11	AED 8,081	AED 8,081
12	AED 8,081	AED 0

Monthly Payment Composition

Interest: 88

Principal: 7993

508 1.6T Allure Turbo Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options including bank financing, dealership financing, and personal loans tailored for vehicle purchases.
You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as your ID, income proof, and vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your monthly budget, the interest rates, loan tenure, and any additional fees involved in the loan process.
Factors include your credit score, loan amount, loan term, and the current market interest rates.