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BYD Seal 2024 Honor Elite 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

BYD Seal 2024 Honor Elite Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option may have different interest rates and repayment terms.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit score.

You should consider your budget, the total cost of the car, the interest rates, loan terms, and your ability to make monthly payments.

Factors that can affect your car loan interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

Yes, you can refinance your car loan to potentially benefit from lower interest rates or better loan terms after purchasing the car.