Compass 2.4L Limited (4x4) Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 7,750
Down Payment
AED 23,000
Total Cost
AED 116,000
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | AED 7,750 | AED 85,250 |
| 2 | AED 7,750 | AED 77,500 |
| 3 | AED 7,750 | AED 69,750 |
| 4 | AED 7,750 | AED 62,000 |
| 5 | AED 7,750 | AED 54,250 |
| 6 | AED 7,750 | AED 46,500 |
| 7 | AED 7,750 | AED 38,750 |
| 8 | AED 7,750 | AED 31,000 |
| 9 | AED 7,750 | AED 23,250 |
| 10 | AED 7,750 | AED 15,500 |
| 11 | AED 7,750 | AED 7,750 |
| 12 | AED 7,750 | AED 0 |
Monthly Payment Composition
Interest: 84
Principal: 7666
Compass 2.4L Limited (4x4) Car Loan Calculator FAQs in UAE
The car loan process typically involves selecting a bank or financing institution, submitting an application with required documents, and receiving approval based on your creditworthiness.
Yes, taking a car loan can affect your credit score positively if you make timely payments, but missed payments can have a negative impact.
Consider the interest rate, loan term, monthly payments, down payment, and any additional fees associated with the loan.
The average interest rate for a car loan in the UAE can range from 3% to 5%, depending on the bank and your credit profile.
Typically, you will need a valid ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
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