CarteaCar Loan Calculator

EX5 Pro 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 7,144

Down Payment

AED 21,200

Total Cost

AED 106,928

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 7,144AED 78,584
2AED 7,144AED 71,440
3AED 7,144AED 64,296
4AED 7,144AED 57,152
5AED 7,144AED 50,008
6AED 7,144AED 42,864
7AED 7,144AED 35,720
8AED 7,144AED 28,576
9AED 7,144AED 21,432
10AED 7,144AED 14,288
11AED 7,144AED 7,144
12AED 7,144AED 0

Monthly Payment Composition

Interest: 78
Principal: 7066

EX5 Pro Car Loan Calculator FAQs in UAE

  • A Luxury car loan in the UAE is a specialized financing option that allows individuals to purchase high-end vehicles, typically with favorable terms and competitive interest rates.
  • To apply for a Luxury car loan, you need to approach a bank or financial institution, provide necessary documents such as ID, proof of income, and details of the vehicle, and fill out an application form.
  • Yes, applying for a Luxury car loan can impact your credit score initially due to the hard inquiry made by lenders, but timely repayments can improve your credit score over time.
  • Before taking a Luxury car loan, consider your budget, loan terms, interest rates, your financial stability, and the total cost of ownership including insurance and maintenance.
  • Factors that can affect the interest rate on a Luxury car loan include your credit score, loan amount, loan term, the lender's policies, and prevailing market conditions.