Compass 2.4L Longitude (4x4) Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 5,998
Down Payment
AED 17,800
Total Cost
AED 89,776
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | AED 5,998 | AED 65,978 |
| 2 | AED 5,998 | AED 59,980 |
| 3 | AED 5,998 | AED 53,982 |
| 4 | AED 5,998 | AED 47,984 |
| 5 | AED 5,998 | AED 41,986 |
| 6 | AED 5,998 | AED 35,988 |
| 7 | AED 5,998 | AED 29,990 |
| 8 | AED 5,998 | AED 23,992 |
| 9 | AED 5,998 | AED 17,994 |
| 10 | AED 5,998 | AED 11,996 |
| 11 | AED 5,998 | AED 5,998 |
| 12 | AED 5,998 | AED 0 |
Monthly Payment Composition
Interest: 65
Principal: 5933
Compass 2.4L Longitude (4x4) Car Loan Calculator FAQs in UAE
In the UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans. It's essential to compare interest rates and terms.
Taking a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
You typically need to provide an Emirates ID, salary certificate, bank statements, and proof of residence. Additional documents may be required by specific lenders.
You should consider the interest rates, loan terms, your budget for monthly payments, and whether you can afford a down payment.
Factors affecting the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies.
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