What is the car loan process for purchasing a Jimny GL 1.5L (5-Doors) in the UAE?

The car loan process involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documentation, and awaiting approval before finalizing the purchase.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can decrease it.

What factors should I consider when applying for a car loan in the UAE?

Consider the interest rate, loan term, your income, credit history, and any additional fees associated with the loan.

What are the common interest rates for car loans in the UAE?

Common interest rates for car loans in the UAE range from 2.99% to 5.99%, depending on the bank and your credit profile.

How does my income affect my eligibility for a car loan in the UAE?

Your income determines your ability to repay the loan. Lenders typically require a minimum monthly income to qualify for a car loan.

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Jimny GL 1.5L (5-Doors) Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 85,000

Down PaymentAED 17,000

Monthly PaymentAED 5,729
Total CostAED 85,748
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 5,729	AED 63,019
2	AED 5,729	AED 57,290
3	AED 5,729	AED 51,561
4	AED 5,729	AED 45,832
5	AED 5,729	AED 40,103
6	AED 5,729	AED 34,374
7	AED 5,729	AED 28,645
8	AED 5,729	AED 22,916
9	AED 5,729	AED 17,187
10	AED 5,729	AED 11,458
11	AED 5,729	AED 5,729
12	AED 5,729	AED 0

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Jimny GL 1.5L (5-Doors) Car Loan Calculator FAQs in UAE

The car loan process involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documentation, and awaiting approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can decrease it.
Consider the interest rate, loan term, your income, credit history, and any additional fees associated with the loan.
Common interest rates for car loans in the UAE range from 2.99% to 5.99%, depending on the bank and your credit profile.
Your income determines your ability to repay the loan. Lenders typically require a minimum monthly income to qualify for a car loan.