

Hongqi HS5 2021 2.0T Flagship Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Calculation Of Loans
Total Car PriceAED 124,950
Down PaymentAED 24,990
- Monthly PaymentAED 8,421
- Total CostAED 126,042
- Loan Period12 Month
Car Loan Monthly Installments Schedule
Payment Schedule | Monthly Payment | Remaining Amount |
---|---|---|
1 | AED 8,421 | AED 92,631 |
2 | AED 8,421 | AED 84,210 |
3 | AED 8,421 | AED 75,789 |
4 | AED 8,421 | AED 67,368 |
5 | AED 8,421 | AED 58,947 |
6 | AED 8,421 | AED 50,526 |
7 | AED 8,421 | AED 42,105 |
8 | AED 8,421 | AED 33,684 |
9 | AED 8,421 | AED 25,263 |
10 | AED 8,421 | AED 16,842 |
11 | AED 8,421 | AED 8,421 |
12 | AED 8,421 | AED 0 |
Car Finance Recommendation
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Hongqi HS5 2021 2.0T Flagship Car Loan Calculator FAQs in UAE
- The key factors that affect the car loan interest rate include your credit score, the loan amount, the loan term, and the lender's policies.
- You can apply for a car loan by visiting a bank or financial institution's website, filling out an application form, and submitting required documents such as ID, proof of income, and residency.
- Yes, taking a car loan will initially impact your credit score due to the hard inquiry, but timely payments can improve your score over time.
- Be aware of the total cost of the loan including interest, the loan terms, fees, and ensure you understand the consequences of defaulting on payments.
- You typically need to provide a copy of your ID, proof of income (salary slips or bank statements), residency proof, and any other documents specified by the lender.
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