HomeCar Loan Calculator

Innova 2.7L STD 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 6,719

Down Payment

AED 19,940

Total Cost

AED 100,568

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 6,719AED 73,909
2AED 6,719AED 67,190
3AED 6,719AED 60,471
4AED 6,719AED 53,752
5AED 6,719AED 47,033
6AED 6,719AED 40,314
7AED 6,719AED 33,595
8AED 6,719AED 26,876
9AED 6,719AED 20,157
10AED 6,719AED 13,438
11AED 6,719AED 6,719
12AED 6,719AED 0

Monthly Payment Composition

Interest: 73
Principal: 6646

Innova 2.7L STD Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, submitting necessary documents, and awaiting approval. Once approved, you can finalize the purchase with the dealer.

Yes, taking a loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.

Consider your budget, interest rates, loan terms, and your ability to make regular payments before applying for a car loan.

Factors include your credit score, income level, the loan amount, and the loan duration.

You typically need to provide your Emirates ID, salary certificate, bank statements, and vehicle details for the loan application.