CarteaCar Loan Calculator

Magnite XL 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 *
%
interest rate *
%
Loan Period *
Month
calculate

Calculation Of Loans

Total Car PriceAED 75,700
Down PaymentAED 15,140
  • Monthly PaymentAED 5,102
  • Total CostAED 76,364
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining Amount
1AED 5,102AED 56,122
2AED 5,102AED 51,020
3AED 5,102AED 45,918
4AED 5,102AED 40,816
5AED 5,102AED 35,714
6AED 5,102AED 30,612
7AED 5,102AED 25,510
8AED 5,102AED 20,408
9AED 5,102AED 15,306
10AED 5,102AED 10,204
11AED 5,102AED 5,102
12AED 5,102AED 0

Car Finance Recommendation

Our Partnered Bank

  • In-house Team
  • Low Interset Rate
  • High Approval Rate

Magnite XL Car Loan Calculator FAQs in UAE

  • The loan process typically involves submitting an application to a bank or financial institution, providing necessary documents such as proof of income, and getting the loan approved before finalizing the car purchase.
  • Yes, applying for a car loan can temporarily affect your credit score due to the hard inquiry made by the lender, but it can improve your credit score if you make timely payments.
  • Consider factors such as the interest rate, loan term, monthly payments, your ability to repay, and any additional fees or insurance requirements.
  • Interest rates for car loans in the UAE can vary based on the bank, your credit score, the loan amount, and the loan tenure.
  • Many banks and dealerships may offer promotional financing rates or cashback deals for purchasing a Magnite XL, especially during certain seasons or events.

Popular Cars in UAE