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Coolray 1.5TD GL-Sport Car Loan Calculator in UAE

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

Monthly Payment

AED 5,493

Down Payment

AED 16,300

Total Cost

AED 82,216

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,493	AED 60,423
2	AED 5,493	AED 54,930
3	AED 5,493	AED 49,437
4	AED 5,493	AED 43,944
5	AED 5,493	AED 38,451
6	AED 5,493	AED 32,958
7	AED 5,493	AED 27,465
8	AED 5,493	AED 21,972
9	AED 5,493	AED 16,479
10	AED 5,493	AED 10,986
11	AED 5,493	AED 5,493
12	AED 5,493	AED 0

Monthly Payment Composition

Interest: 60

Principal: 5433

Coolray 1.5TD GL-Sport Car Loan Calculator FAQs in UAE

The loan process typically involves selecting a bank, submitting a loan application, providing necessary documentation, and awaiting loan approval before finalizing the purchase.

Taking a loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score over time.

Consider the interest rate, loan term, monthly payment, down payment, and any additional fees associated with the loan.

Interest rates can vary based on your credit score, the bank's policies, and whether the loan is secured or unsecured.

Many banks offer special promotions or lower interest rates during certain times of the year, so it's advisable to check with multiple financial institutions.