What are the financing options available for purchasing a Peugeot 508 2018 1.6T Allure in UAE?

You can choose between various financing options, including bank loans, dealership financing, and personal loans. Each option may have different terms and interest rates.

How does taking a loan for a Peugeot 508 2018 1.6T Allure affect my credit score?

Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can harm your score.

What documents are required to apply for a car loan for a Peugeot 508 2018 1.6T Allure?

Typically, you will need proof of identity, proof of income, bank statements, and details about the car you wish to purchase.

What factors can affect the interest rates for a car loan in the UAE?

Factors include your credit score, the loan amount, the loan term, the bank's policies, and current market conditions.

Is it better to finance through a dealership or a bank for the Peugeot 508 2018 1.6T Allure?

It depends on your personal preferences. Dealerships may offer promotional rates, while banks may provide more flexible terms. It is advisable to compare both options.

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Peugeot 508 2018 1.6T Allure Car Loan Calculator in UAE

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

Monthly Payment

AED 7,414

Down Payment

AED 22,000

Total Cost

AED 110,968

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,414	AED 81,554
2	AED 7,414	AED 74,140
3	AED 7,414	AED 66,726
4	AED 7,414	AED 59,312
5	AED 7,414	AED 51,898
6	AED 7,414	AED 44,484
7	AED 7,414	AED 37,070
8	AED 7,414	AED 29,656
9	AED 7,414	AED 22,242
10	AED 7,414	AED 14,828
11	AED 7,414	AED 7,414
12	AED 7,414	AED 0

Monthly Payment Composition

Interest: 81

Principal: 7333

Peugeot 508 2018 1.6T Allure Car Loan Calculator FAQs in UAE

You can choose between various financing options, including bank loans, dealership financing, and personal loans. Each option may have different terms and interest rates.
Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can harm your score.
Typically, you will need proof of identity, proof of income, bank statements, and details about the car you wish to purchase.
Factors include your credit score, the loan amount, the loan term, the bank's policies, and current market conditions.
It depends on your personal preferences. Dealerships may offer promotional rates, while banks may provide more flexible terms. It is advisable to compare both options.