

K5 2.0L LX Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 5,864
Down Payment
AED 17,400
Total Cost
AED 87,768
Car Loan Monthly Installments Schedule
Repayment Schedule | Monthly Repayment | Remaining repayment amount |
---|---|---|
1 | AED 5,864 | AED 64,504 |
2 | AED 5,864 | AED 58,640 |
3 | AED 5,864 | AED 52,776 |
4 | AED 5,864 | AED 46,912 |
5 | AED 5,864 | AED 41,048 |
6 | AED 5,864 | AED 35,184 |
7 | AED 5,864 | AED 29,320 |
8 | AED 5,864 | AED 23,456 |
9 | AED 5,864 | AED 17,592 |
10 | AED 5,864 | AED 11,728 |
11 | AED 5,864 | AED 5,864 |
12 | AED 5,864 | AED 0 |
Monthly Payment Composition
Interest: 64
Principal: 5800
K5 2.0L LX Car Loan Calculator FAQs in UAE
- To be eligible for a car loan in the UAE, you typically need to be at least 21 years old, have a valid residency visa, a steady income, and a good credit history.
- Taking a car loan can affect your credit score positively if you make timely payments, but missing payments can lead to a decrease in your score.
- You will typically need to provide your passport, residency visa, salary certificate, bank statements, and details of the car you wish to purchase.
- Factors affecting the interest rate include your credit score, the length of the loan term, the amount of the down payment, and the bank's current lending policies.
- You should consider the total cost of the loan, the repayment terms, any additional fees, and ensure you understand the consequences of defaulting on the loan.
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