What is the L7 Ultra car loan in the UAE?

The L7 Ultra car loan in the UAE is a financing option offered by banks to help customers purchase the L7 Ultra vehicle by paying in monthly installments.

How can I apply for an L7 Ultra car loan in the UAE?

You can apply for an L7 Ultra car loan by visiting a bank branch, filling out an application form, and providing necessary documents such as salary certificates and identification.

Will taking an L7 Ultra car loan affect my credit score?

Yes, taking an L7 Ultra car loan can affect your credit score as it reflects your ability to manage debt and make timely payments.

What should I be aware of when applying for an L7 Ultra car loan?

Be aware of the interest rates, loan terms, and any additional fees associated with the L7 Ultra car loan before applying.

What factors can affect the loan interest rate for the L7 Ultra?

Factors that can affect the loan interest rate include your credit score, the loan amount, the duration of the loan, and the bank's current interest rates.

CarteaCar Loan Calculator

L7 Ultra Car Loan Calculator in UAE

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

Monthly Payment

AED 16,842

Down Payment

AED 49,980

Total Cost

AED 252,084

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 16,842	AED 185,262
2	AED 16,842	AED 168,420
3	AED 16,842	AED 151,578
4	AED 16,842	AED 134,736
5	AED 16,842	AED 117,894
6	AED 16,842	AED 101,052
7	AED 16,842	AED 84,210
8	AED 16,842	AED 67,368
9	AED 16,842	AED 50,526
10	AED 16,842	AED 33,684
11	AED 16,842	AED 16,842
12	AED 16,842	AED 0

Monthly Payment Composition

Interest: 182

Principal: 16660

L7 Ultra Car Loan Calculator FAQs in UAE

The L7 Ultra car loan in the UAE is a financing option offered by banks to help customers purchase the L7 Ultra vehicle by paying in monthly installments.
You can apply for an L7 Ultra car loan by visiting a bank branch, filling out an application form, and providing necessary documents such as salary certificates and identification.
Yes, taking an L7 Ultra car loan can affect your credit score as it reflects your ability to manage debt and make timely payments.
Be aware of the interest rates, loan terms, and any additional fees associated with the L7 Ultra car loan before applying.
Factors that can affect the loan interest rate include your credit score, the loan amount, the duration of the loan, and the bank's current interest rates.