HomeCar Loan Calculator

Patro LE Platinum City 5.6L 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 23,385

Down Payment

AED 69,400

Total Cost

AED 350,020

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 23,385AED 257,235
2AED 23,385AED 233,850
3AED 23,385AED 210,465
4AED 23,385AED 187,080
5AED 23,385AED 163,695
6AED 23,385AED 140,310
7AED 23,385AED 116,925
8AED 23,385AED 93,540
9AED 23,385AED 70,155
10AED 23,385AED 46,770
11AED 23,385AED 23,385
12AED 23,385AED 0

Monthly Payment Composition

Interest: 252
Principal: 23133

Patro LE Platinum City 5.6L Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan from a bank or financial institution, providing necessary documentation, and then waiting for approval. After approval, you will make monthly payments over the agreed loan term.

Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can lower it significantly.

Consider your credit score, the interest rate, loan term, down payment amount, and whether the loan is secured or unsecured.

Interest rates for car loans in the UAE can vary widely, typically ranging from 3% to 6% depending on the lender and your credit profile.

You will typically need your Emirates ID, salary certificate, bank statements, and proof of residence to apply for a car loan.