CarteaCar Loan Calculator

CT5 Luxury 2.0T 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 139,192

Down Payment

AED 34,740

Total Cost

AED 173,932

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 139,192AED 0

Monthly Payment Composition

Interest: 232
Principal: 138960

CT5 Luxury 2.0T Car Loan Calculator FAQs in UAE

  • The loan process generally involves selecting a lender, submitting your financial documents, getting pre-approved, choosing the vehicle, and finalizing the loan agreement.
  • Yes, taking out a loan can impact your credit score, as it involves a hard inquiry on your credit report and increases your debt-to-income ratio.
  • Consider your budget, interest rates, loan terms, your credit score, and any additional fees associated with the loan.
  • Factors include your credit score, the loan amount, the loan term, the lender's policies, and the economic conditions in the UAE.
  • Yes, typically you will need to provide proof of income, identification, residency proof, and details about the vehicle you wish to purchase.