CarteaCar Loan Calculator

GS8 2.0T GT (4WD) 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 10,783

Down Payment

AED 32,000

Total Cost

AED 161,396

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 10,783AED 118,613
2AED 10,783AED 107,830
3AED 10,783AED 97,047
4AED 10,783AED 86,264
5AED 10,783AED 75,481
6AED 10,783AED 64,698
7AED 10,783AED 53,915
8AED 10,783AED 43,132
9AED 10,783AED 32,349
10AED 10,783AED 21,566
11AED 10,783AED 10,783
12AED 10,783AED 0

Monthly Payment Composition

Interest: 117
Principal: 10666

GS8 2.0T GT (4WD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans. It's important to compare interest rates and terms.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.

You will typically need to provide identification, proof of income, bank statements, and details of the car you wish to purchase.

Factors that affect loan interest rates include your credit score, the loan amount, loan term, and the current economic conditions.

Yes, you can refinance your car loan if you find better terms or lower interest rates. It's advisable to check with your bank for options.