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Compass 2.4L Longitude (4x4) 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 5,998

Down Payment

AED 17,800

Total Cost

AED 89,776

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 5,998AED 65,978
2AED 5,998AED 59,980
3AED 5,998AED 53,982
4AED 5,998AED 47,984
5AED 5,998AED 41,986
6AED 5,998AED 35,988
7AED 5,998AED 29,990
8AED 5,998AED 23,992
9AED 5,998AED 17,994
10AED 5,998AED 11,996
11AED 5,998AED 5,998
12AED 5,998AED 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.