CarteaCar Loan Calculator

Hongqi HS5 2022 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 *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 8,421

Down Payment

AED 24,990

Total Cost

AED 126,042

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 8,421AED 92,631
2AED 8,421AED 84,210
3AED 8,421AED 75,789
4AED 8,421AED 67,368
5AED 8,421AED 58,947
6AED 8,421AED 50,526
7AED 8,421AED 42,105
8AED 8,421AED 33,684
9AED 8,421AED 25,263
10AED 8,421AED 16,842
11AED 8,421AED 8,421
12AED 8,421AED 0

Monthly Payment Composition

Interest: 91
Principal: 8330

Hongqi HS5 2022 2.0T Flagship Car Loan Calculator FAQs in UAE

  • In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It’s essential to compare interest rates and terms.
  • To apply for a car loan, you typically need to provide proof of income, identification, and details about the vehicle. You can apply through a bank or a dealership.
  • Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
  • Consider the interest rate, loan term, monthly payment, and any additional fees. Also, check if there are any penalties for early repayment.
  • Interest rates on car loans can be affected by factors such as the central bank rate, your credit score, the loan amount, and the duration of the loan.