What is the car loan option for purchasing the H5 Standard 1.8T in UAE?

The car loan for purchasing the H5 Standard 1.8T in UAE typically involves financing a percentage of the car's value, usually between 70-80%, with flexible repayment terms.

How do I apply for a car loan for the H5 Standard 1.8T?

To apply for a car loan for the H5 Standard 1.8T, you need to provide documents such as your passport, residency visa, salary certificate, and bank statements to the bank or financial institution.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can negatively impact it.

What should I be aware of when applying for a car loan?

You should be aware of the interest rates, loan terms, any hidden fees, and your ability to afford monthly repayments before applying for a car loan.

What factors can influence the loan interest rate for the H5 Standard 1.8T?

Factors that can influence the loan interest rate include your credit history, the loan amount, repayment term, and the bank’s policies.

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H5 Standard 1.8T Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 6,605

Down Payment

AED 19,600

Total Cost

AED 98,860

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,605	AED 72,655
2	AED 6,605	AED 66,050
3	AED 6,605	AED 59,445
4	AED 6,605	AED 52,840
5	AED 6,605	AED 46,235
6	AED 6,605	AED 39,630
7	AED 6,605	AED 33,025
8	AED 6,605	AED 26,420
9	AED 6,605	AED 19,815
10	AED 6,605	AED 13,210
11	AED 6,605	AED 6,605
12	AED 6,605	AED 0

Monthly Payment Composition

Interest: 72

Principal: 6533

H5 Standard 1.8T Car Loan Calculator FAQs in UAE

The car loan for purchasing the H5 Standard 1.8T in UAE typically involves financing a percentage of the car's value, usually between 70-80%, with flexible repayment terms.
To apply for a car loan for the H5 Standard 1.8T, you need to provide documents such as your passport, residency visa, salary certificate, and bank statements to the bank or financial institution.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can negatively impact it.
You should be aware of the interest rates, loan terms, any hidden fees, and your ability to afford monthly repayments before applying for a car loan.
Factors that can influence the loan interest rate include your credit history, the loan amount, repayment term, and the bank’s policies.