What are the financing options available for purchasing the Equinox 1.5T LS (FWD) in UAE?

In the UAE, you can choose from various financing options including bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.

How does taking a loan for the Equinox 1.5T LS (FWD) affect my credit score?

Taking a loan can impact your credit score positively if you make timely payments, but missing payments can lower your score significantly.

What should I consider before applying for a car loan for the Equinox 1.5T LS (FWD)?

Consider your budget, the total cost of the loan, interest rates, loan terms, and whether you can afford the monthly payments.

What factors can affect the loan interest rates for the Equinox 1.5T LS (FWD)?

Factors include your credit history, the loan amount, the duration of the loan, and the current economic conditions.

Can I get a loan for the Equinox 1.5T LS (FWD) if I am a first-time buyer?

Yes, many banks offer loans for first-time buyers. You may need to provide additional documentation or a larger down payment.

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Equinox 1.5T LS (FWD) Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 5,392

Down Payment

AED 16,000

Total Cost

AED 80,704

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,392	AED 59,312
2	AED 5,392	AED 53,920
3	AED 5,392	AED 48,528
4	AED 5,392	AED 43,136
5	AED 5,392	AED 37,744
6	AED 5,392	AED 32,352
7	AED 5,392	AED 26,960
8	AED 5,392	AED 21,568
9	AED 5,392	AED 16,176
10	AED 5,392	AED 10,784
11	AED 5,392	AED 5,392
12	AED 5,392	AED 0

Monthly Payment Composition

Interest: 59

Principal: 5333

Equinox 1.5T LS (FWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options including bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.
Taking a loan can impact your credit score positively if you make timely payments, but missing payments can lower your score significantly.
Consider your budget, the total cost of the loan, interest rates, loan terms, and whether you can afford the monthly payments.
Factors include your credit history, the loan amount, the duration of the loan, and the current economic conditions.
Yes, many banks offer loans for first-time buyers. You may need to provide additional documentation or a larger down payment.