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Genesis GV70 2022 2.5T Premium 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 13,479

Down Payment

AED 40,000

Total Cost

AED 201,748

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 13,479AED 148,269
2AED 13,479AED 134,790
3AED 13,479AED 121,311
4AED 13,479AED 107,832
5AED 13,479AED 94,353
6AED 13,479AED 80,874
7AED 13,479AED 67,395
8AED 13,479AED 53,916
9AED 13,479AED 40,437
10AED 13,479AED 26,958
11AED 13,479AED 13,479
12AED 13,479AED 0

Monthly Payment Composition

Interest: 146
Principal: 13333

Genesis GV70 2022 2.5T Premium Car Loan Calculator FAQs in UAE

In the UAE, you can typically choose from various financing options such as bank loans, dealership financing, and leasing. Each option has its own terms and conditions, so it’s essential to assess which one suits your financial situation best.

Taking a loan can have both positive and negative effects on your credit score. Making timely payments can improve your score, while missed payments can harm it. Always ensure to manage your loan responsibly.

Consider factors such as the interest rate, loan term, down payment, and your monthly budget. Additionally, check the lender's fees and terms to avoid any hidden costs.

Factors that affect the interest rate include your credit score, the loan amount, the term of the loan, and prevailing market rates. Lenders may offer different rates based on these criteria.

Yes, you can refinance your car loan to potentially get a lower interest rate or better terms. It's advisable to check your current loan conditions and compare offers from other lenders before proceeding.