HomeCar Loan Calculator

LC500 Convertible Titanium 5.0L 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 33,359

Down Payment

AED 99,000

Total Cost

AED 499,308

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 33,359AED 366,949
2AED 33,359AED 333,590
3AED 33,359AED 300,231
4AED 33,359AED 266,872
5AED 33,359AED 233,513
6AED 33,359AED 200,154
7AED 33,359AED 166,795
8AED 33,359AED 133,436
9AED 33,359AED 100,077
10AED 33,359AED 66,718
11AED 33,359AED 33,359
12AED 33,359AED 0

Monthly Payment Composition

Interest: 359
Principal: 33000

LC500 Convertible Titanium 5.0L Car Loan Calculator FAQs in UAE

To apply for a car loan in UAE, you typically need to provide proof of income, identification documents, and details of the vehicle you intend to purchase.

Taking a car loan can affect your credit score positively if you make timely payments, but missing payments can lower your score.

The interest rate for car loans in UAE usually ranges from 3% to 6%, depending on the bank and your credit profile.

Factors that can affect loan approval include your credit history, income level, employment status, and debt-to-income ratio.

Yes, there may be additional fees such as processing fees, insurance costs, and registration fees that you should consider when applying for a car loan.