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Carens Smartstream 1.5L A/T Car Loan Calculator in UAE

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

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car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 4,381

Down Payment

AED 13,000

Total Cost

AED 65,572

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 4,381AED 48,191
2AED 4,381AED 43,810
3AED 4,381AED 39,429
4AED 4,381AED 35,048
5AED 4,381AED 30,667
6AED 4,381AED 26,286
7AED 4,381AED 21,905
8AED 4,381AED 17,524
9AED 4,381AED 13,143
10AED 4,381AED 8,762
11AED 4,381AED 4,381
12AED 4,381AED 0

Monthly Payment Composition

Interest: 48
Principal: 4333

Carens Smartstream 1.5L A/T Car Loan Calculator FAQs in UAE

To obtain a car loan for the Carens Smartstream 1.5L A/T in the UAE, you need to provide the necessary documents such as proof of income, residency, and identification. After selecting a bank, you will fill out a loan application, and the bank will evaluate your creditworthiness before approving the loan.

Yes, taking a car loan can impact your credit score. If you make timely payments, it can improve your score. However, missing payments may decrease your score.

Before applying for a car loan, consider your monthly budget, the loan interest rates, the loan term, and any additional fees associated with the loan.

Factors that can influence your loan interest rate include your credit score, the loan amount, the loan term, and the bank's current lending policies.

Some banks may charge a penalty for early repayment of a car loan, while others may not. It's essential to check the loan agreement for specific terms regarding early repayment.