What are the loan options available for purchasing a Peugeot 5008 2018 1.6T GT Line in the UAE?

In the UAE, you can choose from various loan options such as conventional car loans, Islamic car finance, and personal loans. Each option has different terms, interest rates, and eligibility criteria.

How does taking a car loan affect my credit score in the UAE?

Taking a car loan can impact your credit score positively or negatively. Making timely payments can improve your score, while missed payments can lower it. It's important to manage your loan responsibly.

What should I consider before applying for a car loan for the Peugeot 5008?

Before applying for a car loan, consider factors such as your monthly budget, the total cost of the vehicle, interest rates, loan tenure, and whether you have a down payment.

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

Factors affecting the interest rate on your car loan include your credit score, the loan amount, the loan term, and the lender's policies. A higher credit score often results in lower interest rates.

Can I refinance my car loan for the Peugeot 5008 in the UAE?

Yes, you can refinance your car loan if you find better interest rates or wish to change the loan terms. It can help reduce your monthly payments or overall loan cost.

CarteaCar Loan Calculator

Peugeot 5008 2018 1.6T GT Line Car Loan Calculator in UAE

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

Monthly Payment

AED 9,098

Down Payment

AED 27,000

Total Cost

AED 136,176

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,098	AED 100,078
2	AED 9,098	AED 90,980
3	AED 9,098	AED 81,882
4	AED 9,098	AED 72,784
5	AED 9,098	AED 63,686
6	AED 9,098	AED 54,588
7	AED 9,098	AED 45,490
8	AED 9,098	AED 36,392
9	AED 9,098	AED 27,294
10	AED 9,098	AED 18,196
11	AED 9,098	AED 9,098
12	AED 9,098	AED 0

Monthly Payment Composition

Interest: 98

Principal: 9000

Peugeot 5008 2018 1.6T GT Line Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options such as conventional car loans, Islamic car finance, and personal loans. Each option has different terms, interest rates, and eligibility criteria.
Taking a car loan can impact your credit score positively or negatively. Making timely payments can improve your score, while missed payments can lower it. It's important to manage your loan responsibly.
Before applying for a car loan, consider factors such as your monthly budget, the total cost of the vehicle, interest rates, loan tenure, and whether you have a down payment.
Factors affecting the interest rate on your car loan include your credit score, the loan amount, the loan term, and the lender's policies. A higher credit score often results in lower interest rates.
Yes, you can refinance your car loan if you find better interest rates or wish to change the loan terms. It can help reduce your monthly payments or overall loan cost.