What are the loan options available for purchasing a Peugeot 508 2019 1.6T GT Line in UAE?

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

How do I apply for a car loan for a Peugeot 508 2019 1.6T GT Line?

You can apply for a car loan by visiting a bank or financial institution, or you can apply online. You'll need to provide documents like your ID, income proof, and vehicle details.

Will taking a car loan affect my credit score?

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

What should I be aware of when taking a car loan?

Be aware of the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capacity.

What factors can influence the interest rate of my car loan?

Factors include your credit score, the loan amount, loan duration, and the bank's policies. Economic conditions may also play a role.

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Peugeot 508 2019 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 8,081

Down Payment

AED 23,980

Total Cost

AED 120,952

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,081	AED 88,891
2	AED 8,081	AED 80,810
3	AED 8,081	AED 72,729
4	AED 8,081	AED 64,648
5	AED 8,081	AED 56,567
6	AED 8,081	AED 48,486
7	AED 8,081	AED 40,405
8	AED 8,081	AED 32,324
9	AED 8,081	AED 24,243
10	AED 8,081	AED 16,162
11	AED 8,081	AED 8,081
12	AED 8,081	AED 0

Monthly Payment Composition

Interest: 88

Principal: 7993

Peugeot 508 2019 1.6T GT Line Car Loan Calculator FAQs in UAE

In UAE, you can choose between bank loans, dealership financing, or personal loans. Each option has different terms and interest rates.
You can apply for a car loan by visiting a bank or financial institution, or you can apply online. You'll need to provide documents like your ID, income proof, and vehicle details.
Yes, taking a car loan will affect your credit score. It can improve your score if you make timely payments, but missed payments can harm it.
Be aware of the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capacity.
Factors include your credit score, the loan amount, loan duration, and the bank's policies. Economic conditions may also play a role.