CarteaCar Loan Calculator

M8 GT 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 12,131

Down Payment

AED 36,000

Total Cost

AED 181,572

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 12,131AED 133,441
2AED 12,131AED 121,310
3AED 12,131AED 109,179
4AED 12,131AED 97,048
5AED 12,131AED 84,917
6AED 12,131AED 72,786
7AED 12,131AED 60,655
8AED 12,131AED 48,524
9AED 12,131AED 36,393
10AED 12,131AED 24,262
11AED 12,131AED 12,131
12AED 12,131AED 0

Monthly Payment Composition

Interest: 131
Principal: 12000

M8 GT Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting your application, providing necessary documentation, and then receiving approval. After that, you can finalize the purchase of your M8 GT.

Yes, taking a loan can impact your credit score. Making timely payments can improve your score, while missed payments can harm it.

Key factors include interest rates, loan term, down payment requirements, and your overall financial situation.

Typically, you will need identification, proof of income, bank statements, and details of the vehicle you wish to purchase.

Factors include your credit score, the loan amount, the loan term, and the lender's policies.