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GT 1.5T STD 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 4,172

Down Payment

AED 12,380

Total Cost

AED 62,444

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 4,172AED 45,892
2AED 4,172AED 41,720
3AED 4,172AED 37,548
4AED 4,172AED 33,376
5AED 4,172AED 29,204
6AED 4,172AED 25,032
7AED 4,172AED 20,860
8AED 4,172AED 16,688
9AED 4,172AED 12,516
10AED 4,172AED 8,344
11AED 4,172AED 4,172
12AED 4,172AED 0

Monthly Payment Composition

Interest: 46
Principal: 4126

GT 1.5T STD Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a stable income, and provide necessary documents like your Emirates ID, salary certificate, and bank statements.

Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.

Consider the interest rate, loan tenure, down payment amount, your monthly budget, and any additional fees associated with the loan.

The typical loan amount can vary but is often up to 80% of the car's value, with interest rates ranging from 3% to 5% depending on the bank and your credit profile.

You will typically need your Emirates ID, a recent salary certificate, bank statements for the last 3-6 months, and proof of residence.