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Groove 1.5L LT 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 *
%
interest rate *
%
Loan Period *
Month
calculate

Calculation Of Loans

Total Car PriceAED 70,500
Down PaymentAED 14,100
  • Monthly PaymentAED 4,752
  • Total CostAED 71,124
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining Amount
1AED 4,752AED 52,272
2AED 4,752AED 47,520
3AED 4,752AED 42,768
4AED 4,752AED 38,016
5AED 4,752AED 33,264
6AED 4,752AED 28,512
7AED 4,752AED 23,760
8AED 4,752AED 19,008
9AED 4,752AED 14,256
10AED 4,752AED 9,504
11AED 4,752AED 4,752
12AED 4,752AED 0

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Groove 1.5L LT Car Loan Calculator FAQs in UAE

  • The car loan process generally involves selecting your vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then awaiting loan approval before finalizing the purchase.
  • Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can negatively impact your score.
  • Consider the interest rate, loan term, monthly payments, total cost of the loan, and your ability to make payments before applying.
  • Factors include your credit score, the loan amount, loan term, the bank's policies, and current market conditions.
  • Yes, typically you will need identification, proof of income, bank statements, and details about the car you wish to purchase.

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