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iX xDrive40 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 28,979

Down Payment

AED 86,000

Total Cost

AED 433,748

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 28,979AED 318,769
2AED 28,979AED 289,790
3AED 28,979AED 260,811
4AED 28,979AED 231,832
5AED 28,979AED 202,853
6AED 28,979AED 173,874
7AED 28,979AED 144,895
8AED 28,979AED 115,916
9AED 28,979AED 86,937
10AED 28,979AED 57,958
11AED 28,979AED 28,979
12AED 28,979AED 0

Monthly Payment Composition

Interest: 313
Principal: 28666

iX xDrive40 Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options such as bank loans, dealership financing, and leasing. Typically, banks offer personal auto loans with competitive interest rates.

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

You will typically need to provide identification, proof of income, bank statements, and details about the vehicle. Some banks may also require a credit report.

Interest rates can be affected by your credit score, the loan amount, the loan term, and the financial institution's policies.

Yes, there may be processing fees, registration fees, and early repayment penalties. It’s important to review the loan agreement carefully.