

Carens Smartstream 1.5L M/T 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
Carens Smartstream 1.5L M/T Car Loan Calculator FAQs in UAE
To obtain a car loan in UAE, you generally need to provide a valid UAE residency visa, Emirates ID, proof of income, bank statements, and the vehicle's quotation.
Taking a car loan can affect your credit score positively if you make timely payments; however, missing payments can negatively impact your credit score.
Interest rates for car loans in UAE typically range from 3% to 5% depending on the bank and your credit profile.
Be cautious about the total cost of the loan, including interest rates, fees, and the loan term to avoid overcommitting your finances.
Factors affecting the loan exchange rate include the central bank’s interest rates, inflation rates, and the overall economic stability of the region.
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