Fengon 600 M1 Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 6,268
Down Payment
AED 18,600
Total Cost
AED 93,816
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | AED 6,268 | AED 68,948 |
| 2 | AED 6,268 | AED 62,680 |
| 3 | AED 6,268 | AED 56,412 |
| 4 | AED 6,268 | AED 50,144 |
| 5 | AED 6,268 | AED 43,876 |
| 6 | AED 6,268 | AED 37,608 |
| 7 | AED 6,268 | AED 31,340 |
| 8 | AED 6,268 | AED 25,072 |
| 9 | AED 6,268 | AED 18,804 |
| 10 | AED 6,268 | AED 12,536 |
| 11 | AED 6,268 | AED 6,268 |
| 12 | AED 6,268 | AED 0 |
Monthly Payment Composition
Interest: 68
Principal: 6200
Fengon 600 M1 Car Loan Calculator FAQs in UAE
The car loan process generally involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documentation, and receiving approval before finalizing the purchase.
Yes, taking out a car loan can affect your credit score. Timely payments can improve your score, while missed payments may lead to a decrease.
Typically, you will need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, you should be aware of processing fees, insurance costs, and any early repayment penalties that may apply.
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