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Hongqi HS5 2021 2.0T Flagship 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 135,450
Down PaymentAED 27,090
  • Monthly PaymentAED 9,129
  • Total CostAED 136,638
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining Amount
1AED 9,129AED 100,419
2AED 9,129AED 91,290
3AED 9,129AED 82,161
4AED 9,129AED 73,032
5AED 9,129AED 63,903
6AED 9,129AED 54,774
7AED 9,129AED 45,645
8AED 9,129AED 36,516
9AED 9,129AED 27,387
10AED 9,129AED 18,258
11AED 9,129AED 9,129
12AED 9,129AED 0

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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.