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EMPOW GL 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 6,309

Down Payment

AED 18,722

Total Cost

AED 94,430

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 6,309AED 69,399
2AED 6,309AED 63,090
3AED 6,309AED 56,781
4AED 6,309AED 50,472
5AED 6,309AED 44,163
6AED 6,309AED 37,854
7AED 6,309AED 31,545
8AED 6,309AED 25,236
9AED 6,309AED 18,927
10AED 6,309AED 12,618
11AED 6,309AED 6,309
12AED 6,309AED 0

Monthly Payment Composition

Interest: 69
Principal: 6240

EMPOW GL Car Loan Calculator FAQs in UAE

The EMPOW GL car loan is a financing option offered by banks in the UAE specifically for purchasing the EMPOW GL vehicle, allowing you to pay in installments over a specified period.

To apply for an EMPOW GL car loan, you need to visit a bank or financial institution, provide necessary documents such as identification, proof of income, and details of the vehicle, and complete the application form.

Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can negatively affect it.

When applying for an EMPOW GL car loan, pay attention to the interest rates, loan tenure, any additional fees, and your ability to repay the loan comfortably.

Factors that influence loan rates include your credit score, the loan amount, the term of the loan, and the bank's policies.