What is the car loan for a Baleno 1.5L GLX in the UAE?

The car loan for a Baleno 1.5L GLX in the UAE typically includes financing options from various banks, usually covering up to 80-100% of the car's value, with interest rates varying between 2.5% to 5%.

How can I apply for a car loan for the Baleno 1.5L GLX?

To apply for a car loan for the Baleno 1.5L GLX, you need to gather required documents such as your Emirates ID, salary certificate, and bank statements, then approach a bank or financial institution to submit your application.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can lead to a decrease.

What should I be aware of when applying for a car loan?

When applying for a car loan, be aware of the interest rates, loan tenure, and any additional fees such as processing fees and insurance costs.

What factors can affect the loan exchange rate?

Factors that can affect the loan exchange rate include the central bank's interest rate policies, inflation rates, and overall economic stability in the UAE.

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Baleno 1.5L GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 4,044

Down Payment

AED 12,000

Total Cost

AED 60,528

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,044	AED 44,484
2	AED 4,044	AED 40,440
3	AED 4,044	AED 36,396
4	AED 4,044	AED 32,352
5	AED 4,044	AED 28,308
6	AED 4,044	AED 24,264
7	AED 4,044	AED 20,220
8	AED 4,044	AED 16,176
9	AED 4,044	AED 12,132
10	AED 4,044	AED 8,088
11	AED 4,044	AED 4,044
12	AED 4,044	AED 0

Monthly Payment Composition

Interest: 44

Principal: 4000

Baleno 1.5L GLX Car Loan Calculator FAQs in UAE

The car loan for a Baleno 1.5L GLX in the UAE typically includes financing options from various banks, usually covering up to 80-100% of the car's value, with interest rates varying between 2.5% to 5%.
To apply for a car loan for the Baleno 1.5L GLX, you need to gather required documents such as your Emirates ID, salary certificate, and bank statements, then approach a bank or financial institution to submit your application.
Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can lead to a decrease.
When applying for a car loan, be aware of the interest rates, loan tenure, and any additional fees such as processing fees and insurance costs.
Factors that can affect the loan exchange rate include the central bank's interest rate policies, inflation rates, and overall economic stability in the UAE.