CarteaCar Loan Calculator

L9 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 20,167

Down Payment

AED 59,850

Total Cost

AED 301,854

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 20,167AED 221,837
2AED 20,167AED 201,670
3AED 20,167AED 181,503
4AED 20,167AED 161,336
5AED 20,167AED 141,169
6AED 20,167AED 121,002
7AED 20,167AED 100,835
8AED 20,167AED 80,668
9AED 20,167AED 60,501
10AED 20,167AED 40,334
11AED 20,167AED 20,167
12AED 20,167AED 0

Monthly Payment Composition

Interest: 217
Principal: 19950

L9 Ultra Car Loan Calculator FAQs in UAE

  • To be eligible for a car loan for the L9 Ultra, you typically need to be a UAE resident, have a steady income, and provide necessary documents like your ID, salary certificate, and bank statements.
  • Taking a car loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can harm it.
  • Consider the interest rate, loan tenure, monthly installments, and the total cost of the loan, including any additional fees.
  • The typical interest rate for a car loan in the UAE can range from 3% to 5% per annum, depending on the bank and your credit profile.
  • Yes, there may be processing fees, insurance costs, and registration fees that are not included in the loan amount. It's important to clarify these with the bank.