What are the financing options available for purchasing a Peugeot 508 2020 1.6T GT Line 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.

How does taking an auto loan affect my credit score in UAE?

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.

What documents are required to apply for a car loan in UAE?

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

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

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.

What should I consider before taking a car loan for a Peugeot 508 2020 1.6T GT Line?

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.

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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

Calculation Of Loans

Total Car PriceAED 119,900

Down PaymentAED 23,980

Monthly PaymentAED 8,081
Total CostAED 120,952
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining 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

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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.