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Fengon 600 M1 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 6,268

Down Payment

AED 18,600

Total Cost

AED 93,816

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 6,268AED 68,948
2AED 6,268AED 62,680
3AED 6,268AED 56,412
4AED 6,268AED 50,144
5AED 6,268AED 43,876
6AED 6,268AED 37,608
7AED 6,268AED 31,340
8AED 6,268AED 25,072
9AED 6,268AED 18,804
10AED 6,268AED 12,536
11AED 6,268AED 6,268
12AED 6,268AED 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.