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508 1.6T GT 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 8,755

Down Payment

AED 25,980

Total Cost

AED 131,040

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 8,755AED 96,305
2AED 8,755AED 87,550
3AED 8,755AED 78,795
4AED 8,755AED 70,040
5AED 8,755AED 61,285
6AED 8,755AED 52,530
7AED 8,755AED 43,775
8AED 8,755AED 35,020
9AED 8,755AED 26,265
10AED 8,755AED 17,510
11AED 8,755AED 8,755
12AED 8,755AED 0

Monthly Payment Composition

Interest: 95
Principal: 8660

508 1.6T GT Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options, including traditional bank loans, dealership financing, and Islamic financing options.

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

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

Consider the interest rate, loan term, monthly payments, and any additional fees associated with the loan.

Factors include fluctuations in currency value, interest rates in different countries, and economic conditions that affect currency stability.