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

In UAE, you can choose from various financing options, such as bank loans, dealership financing, and personal loans. Each option has different terms and interest rates.

How can I apply for a car loan for a Peugeot 508 2018 1.6T GT Line?

You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as proof of income, identification, and details about the vehicle.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.

What should I consider before applying for a car loan?

Before applying, consider your budget, the interest rate, loan tenure, and your ability to make monthly payments. It's also important to check for any hidden fees.

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

Interest rates can be affected by your credit score, the loan amount, the term of the loan, and current market conditions. A higher credit score usually leads to lower rates.

CarteaCar Loan Calculator

Peugeot 508 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 8,087

Down Payment

AED 24,000

Total Cost

AED 121,044

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,087	AED 88,957
2	AED 8,087	AED 80,870
3	AED 8,087	AED 72,783
4	AED 8,087	AED 64,696
5	AED 8,087	AED 56,609
6	AED 8,087	AED 48,522
7	AED 8,087	AED 40,435
8	AED 8,087	AED 32,348
9	AED 8,087	AED 24,261
10	AED 8,087	AED 16,174
11	AED 8,087	AED 8,087
12	AED 8,087	AED 0

Monthly Payment Composition

Interest: 87

Principal: 8000

Peugeot 508 2018 1.6T GT Line Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options, such as bank loans, dealership financing, and personal loans. Each option has different terms and interest rates.
You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as proof of income, identification, and details about the vehicle.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.
Before applying, consider your budget, the interest rate, loan tenure, and your ability to make monthly payments. It's also important to check for any hidden fees.
Interest rates can be affected by your credit score, the loan amount, the term of the loan, and current market conditions. A higher credit score usually leads to lower rates.