What are the financing options available for purchasing a Peugeot 308 2020 1.6L GT Line in UAE?

In UAE, you can consider bank loans, dealership financing, or personal loans. Each option has different terms and interest rates.

How can I apply for a car loan for the Peugeot 308 2020 1.6L GT Line?

You can apply for a car loan online or by visiting a bank branch. You will need to provide documents such as your ID, salary certificate, and bank statements.

Will taking a car loan affect my credit score?

Yes, taking a car loan may affect your credit score. Timely payments can improve it, while missed payments can lower it.

What should I consider before taking a car loan for the Peugeot 308?

Consider your monthly budget, the total cost of the loan including interest, loan terms, and repayment options.

What factors can affect the interest rate on my car loan?

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

CarteaCar Loan Calculator

Peugeot 308 2020 1.6L GT Line Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 5,762

Down Payment

AED 17,100

Total Cost

AED 86,244

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,762	AED 63,382
2	AED 5,762	AED 57,620
3	AED 5,762	AED 51,858
4	AED 5,762	AED 46,096
5	AED 5,762	AED 40,334
6	AED 5,762	AED 34,572
7	AED 5,762	AED 28,810
8	AED 5,762	AED 23,048
9	AED 5,762	AED 17,286
10	AED 5,762	AED 11,524
11	AED 5,762	AED 5,762
12	AED 5,762	AED 0

Monthly Payment Composition

Interest: 62

Principal: 5700

Peugeot 308 2020 1.6L GT Line Car Loan Calculator FAQs in UAE

In UAE, you can consider bank loans, dealership financing, or personal loans. Each option has different terms and interest rates.
You can apply for a car loan online or by visiting a bank branch. You will need to provide documents such as your ID, salary certificate, and bank statements.
Yes, taking a car loan may affect your credit score. Timely payments can improve it, while missed payments can lower it.
Consider your monthly budget, the total cost of the loan including interest, loan terms, and repayment options.
Factors include your credit score, loan amount, loan duration, and the lender's policies.