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Lite Ace 1.5L GL MT Car Loan Calculator in UAE

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

Monthly Payment

AED 5,048

Down Payment

AED 14,980

Total Cost

AED 75,556

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,048	AED 55,528
2	AED 5,048	AED 50,480
3	AED 5,048	AED 45,432
4	AED 5,048	AED 40,384
5	AED 5,048	AED 35,336
6	AED 5,048	AED 30,288
7	AED 5,048	AED 25,240
8	AED 5,048	AED 20,192
9	AED 5,048	AED 15,144
10	AED 5,048	AED 10,096
11	AED 5,048	AED 5,048
12	AED 5,048	AED 0

Monthly Payment Composition

Interest: 55

Principal: 4993

Lite Ace 1.5L GL MT Car Loan Calculator FAQs in UAE

A car loan in the UAE is a financial product offered by banks and financial institutions to help individuals purchase a vehicle by borrowing money, which is paid back in installments over a specified period.

You can apply for a car loan in the UAE by visiting a bank or financial institution, filling out an application form, providing necessary documents such as your ID, salary certificate, and proof of residence.

Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.

You should be aware of the interest rates, loan tenure, any hidden fees, and the total cost of the loan including the insurance and registration fees.

Factors influencing car loan interest rates in the UAE include the borrower's credit score, the type of vehicle, the loan amount, and the duration of the loan.