What is the car loan process for purchasing a Peugeot 5008 2018 1.6T Active in UAE?

The car loan process typically involves selecting a bank or financial institution, submitting your documents, getting pre-approved, and then finalizing the loan agreement after choosing your vehicle.

Will taking a car loan for Peugeot 5008 2018 affect my credit score?

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

What should I pay attention to when applying for a car loan for Peugeot 5008 2018?

You should pay attention to the interest rates, loan terms, repayment options, and any additional fees involved in the loan.

What factors can affect the loan interest rates for Peugeot 5008 in UAE?

Factors that can affect loan interest rates include your credit history, the loan amount, the duration of the loan, and the bank’s policies.

Can I refinance my car loan for Peugeot 5008 2018 later?

Yes, you can refinance your car loan later if you find better interest rates or terms that suit your financial situation.

CarteaCar Loan Calculator

Peugeot 5008 2018 1.6T Active Car Loan Calculator in UAE

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

Monthly Payment

AED 6,740

Down Payment

AED 20,000

Total Cost

AED 100,880

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,740	AED 74,140
2	AED 6,740	AED 67,400
3	AED 6,740	AED 60,660
4	AED 6,740	AED 53,920
5	AED 6,740	AED 47,180
6	AED 6,740	AED 40,440
7	AED 6,740	AED 33,700
8	AED 6,740	AED 26,960
9	AED 6,740	AED 20,220
10	AED 6,740	AED 13,480
11	AED 6,740	AED 6,740
12	AED 6,740	AED 0

Monthly Payment Composition

Interest: 74

Principal: 6666

Peugeot 5008 2018 1.6T Active Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a bank or financial institution, submitting your documents, getting pre-approved, and then finalizing the loan agreement after choosing your vehicle.
Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
You should pay attention to the interest rates, loan terms, repayment options, and any additional fees involved in the loan.
Factors that can affect loan interest rates include your credit history, the loan amount, the duration of the loan, and the bank’s policies.
Yes, you can refinance your car loan later if you find better interest rates or terms that suit your financial situation.