What are the eligibility criteria for obtaining a car loan for the Hyundai i10 1.2L MPI in the UAE?

To be eligible for a car loan in the UAE, you usually need to be at least 21 years old, have a steady income, and provide necessary documentation such as a passport, residence visa, and salary certificate.

How does taking a car loan affect my credit score in the UAE?

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

What are the common fees associated with a car loan for the Hyundai i10 1.2L MPI?

Common fees may include processing fees, registration fees, insurance costs, and potential early repayment fees. Always review the loan agreement carefully.

What factors can affect the interest rate on my car loan in the UAE?

Interest rates can be affected by factors such as your credit score, the loan amount, the loan tenure, and the bank's current policies.

What documents do I need to apply for a car loan for the Hyundai i10 1.2L MPI?

You will typically need to provide your Emirates ID, a valid driver's license, proof of income (such as salary slips), and bank statements.

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i10 1.2L MPI Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 42,000

Down PaymentAED 8,400

Monthly PaymentAED 2,831
Total CostAED 42,372
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 2,831	AED 31,141
2	AED 2,831	AED 28,310
3	AED 2,831	AED 25,479
4	AED 2,831	AED 22,648
5	AED 2,831	AED 19,817
6	AED 2,831	AED 16,986
7	AED 2,831	AED 14,155
8	AED 2,831	AED 11,324
9	AED 2,831	AED 8,493
10	AED 2,831	AED 5,662
11	AED 2,831	AED 2,831
12	AED 2,831	AED 0

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i10 1.2L MPI Car Loan Calculator FAQs in UAE

To be eligible for a car loan in the UAE, you usually need to be at least 21 years old, have a steady income, and provide necessary documentation such as a passport, residence visa, and salary certificate.
Taking a car loan can impact your credit score positively if you make timely payments. However, missed payments can negatively affect your score.
Common fees may include processing fees, registration fees, insurance costs, and potential early repayment fees. Always review the loan agreement carefully.
Interest rates can be affected by factors such as your credit score, the loan amount, the loan tenure, and the bank's current policies.
You will typically need to provide your Emirates ID, a valid driver's license, proof of income (such as salary slips), and bank statements.