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M8 GX 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 10,783

Down Payment

AED 32,000

Total Cost

AED 161,396

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 10,783AED 118,613
2AED 10,783AED 107,830
3AED 10,783AED 97,047
4AED 10,783AED 86,264
5AED 10,783AED 75,481
6AED 10,783AED 64,698
7AED 10,783AED 53,915
8AED 10,783AED 43,132
9AED 10,783AED 32,349
10AED 10,783AED 21,566
11AED 10,783AED 10,783
12AED 10,783AED 0

Monthly Payment Composition

Interest: 117
Principal: 10666

M8 GX Car Loan Calculator FAQs in UAE

To apply for a car loan for the M8 GX in the UAE, you typically need to provide your Emirates ID, proof of income, bank statements, and a credit report.

A car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

Interest rates for car loans in the UAE typically range from 3% to 5%, depending on your credit profile and the bank.

Be aware of the total cost of the loan, including interest rates, fees, and the loan term. It's also important to ensure you can afford the monthly payments.

Factors include your income, credit score, existing debt, and the bank's lending policies.