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Peugeot 508 2020 1.6T GT Line Car Loan Calculator in UAE

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

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car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 8,081

Down Payment

AED 23,980

Total Cost

AED 120,952

Car Loan Monthly Installments Schedule

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

Monthly Payment Composition

Interest: 88
Principal: 7993

Peugeot 508 2020 1.6T GT Line Car Loan Calculator FAQs in UAE

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

Taking an auto loan can positively or negatively impact your credit score depending on your repayment behavior. Timely payments can improve your score, while missed payments can harm it.

Typically, you will need your Emirates ID, salary certificate, bank statements, and proof of residence. Additional documents may be required by the lender.

Factors include your credit score, loan amount, loan tenure, and the lender's policies. Economic conditions and interest rate trends may also play a role.

Consider your budget, the total cost of the loan (including interest), your repayment capability, and whether you have a stable income. Also, compare offers from different lenders.