CarteaCar Loan Calculator

L7 Ultra 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 16,842

Down Payment

AED 49,980

Total Cost

AED 252,084

Car Loan Monthly Installments Schedule

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