CarteaCar Loan Calculator

Elantra 1.6L Smart 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 61,102

Down Payment

AED 15,250

Total Cost

AED 76,352

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 61,102AED 0

Monthly Payment Composition

Interest: 102
Principal: 61000

Elantra 1.6L Smart Car Loan Calculator FAQs in UAE

  • A car loan for the Elantra 1.6L Smart in the UAE is a financing option provided by banks or financial institutions to help you purchase the vehicle. It typically covers a percentage of the car's price, with varying interest rates and repayment terms.
  • To apply for a car loan for the Elantra 1.6L Smart, you need to visit a bank or financial institution, provide necessary documents such as your identification, proof of income, and details about the vehicle, and complete the application form.
  • Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed or late payments can lower it.
  • When taking a car loan, be aware of the interest rates, loan terms, any additional fees, the total cost of the loan, and your ability to repay it without financial strain.
  • The factors affecting car loan interest rates include your credit score, the loan amount, the loan term, market conditions, and the lender's policies.