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Corolla 1.6L XLI 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 *
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calculate

Monthly Payment

AED 5,048

Down Payment

AED 14,980

Total Cost

AED 75,556

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 5,048AED 55,528
2AED 5,048AED 50,480
3AED 5,048AED 45,432
4AED 5,048AED 40,384
5AED 5,048AED 35,336
6AED 5,048AED 30,288
7AED 5,048AED 25,240
8AED 5,048AED 20,192
9AED 5,048AED 15,144
10AED 5,048AED 10,096
11AED 5,048AED 5,048
12AED 5,048AED 0

Monthly Payment Composition

Interest: 55
Principal: 4993

Corolla 1.6L XLI Car Loan Calculator FAQs in UAE

The loan process typically involves applying through a bank or a financial institution, providing necessary documents, and getting approval based on your credit score and income.

Yes, taking a loan will initially impact your credit score as it involves a hard inquiry. However, if you make timely payments, it can positively influence your score over time.

Consider your budget, interest rates, loan term, and your ability to make regular payments. Also, check your credit report before applying.

Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions can also play a role.

Yes, additional fees may include processing fees, insurance requirements, and early repayment penalties. Always ask about these before committing.