CarteaCar Loan Calculator

CT5 Premium Luxury 3.0T 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 168,601

Down Payment

AED 42,080

Total Cost

AED 210,681

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 168,601AED 0

Monthly Payment Composition

Interest: 281
Principal: 168320

CT5 Premium Luxury 3.0T Car Loan Calculator FAQs in UAE

  • To apply for a loan, you typically need to provide identification, proof of income, and bank statements. Additionally, you may need to have a good credit score.
  • Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.
  • Interest rates can be influenced by your credit score, the amount of down payment, the loan term, and the bank's policies.
  • Consider your monthly budget, the total cost of the loan, the interest rate, insurance costs, and whether you can afford the payments.
  • Typically, it takes about 1 to 5 working days to process a car loan application, depending on the bank and the completeness of your documents.