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Corolla 1.6L GLI Car Loan Calculator in UAE

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

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car price (AED)*

down payment *
%
Loan Period (years) *
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interest rate *
%
calculate

Monthly Payment

AED 5,520

Down Payment

AED 16,380

Total Cost

AED 82,620

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 5,520AED 60,720
2AED 5,520AED 55,200
3AED 5,520AED 49,680
4AED 5,520AED 44,160
5AED 5,520AED 38,640
6AED 5,520AED 33,120
7AED 5,520AED 27,600
8AED 5,520AED 22,080
9AED 5,520AED 16,560
10AED 5,520AED 11,040
11AED 5,520AED 5,520
12AED 5,520AED 0

Monthly Payment Composition

Interest: 60
Principal: 5460

Corolla 1.6L GLI Car Loan Calculator FAQs in UAE

A car loan for a Corolla 1.6L GLI in the UAE typically involves financing options that allow you to purchase the vehicle while paying it off over a set period, usually ranging from 1 to 5 years.

To apply for a car loan, you need to provide required documents such as your Emirates ID, proof of income, and bank statements to the bank or financial institution of your choice.

Yes, taking a car loan can affect your credit score positively or negatively depending on your repayment habits. Timely payments can improve your score, while missed payments can lower it.

Consider factors such as interest rates, loan tenure, down payment, and total cost of the car including insurance and registration fees before taking a loan.

Factors that affect the loan interest rate include your credit score, the loan amount, the loan tenure, and the current economic conditions.