Picanto 1.2L LX Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 2,898
Down Payment
AED 8,600
Total Cost
AED 43,376
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | AED 2,898 | AED 31,878 |
| 2 | AED 2,898 | AED 28,980 |
| 3 | AED 2,898 | AED 26,082 |
| 4 | AED 2,898 | AED 23,184 |
| 5 | AED 2,898 | AED 20,286 |
| 6 | AED 2,898 | AED 17,388 |
| 7 | AED 2,898 | AED 14,490 |
| 8 | AED 2,898 | AED 11,592 |
| 9 | AED 2,898 | AED 8,694 |
| 10 | AED 2,898 | AED 5,796 |
| 11 | AED 2,898 | AED 2,898 |
| 12 | AED 2,898 | AED 0 |
Monthly Payment Composition
Interest: 32
Principal: 2866
Picanto 1.2L LX Car Loan Calculator FAQs in UAE
In the UAE, you can choose from various loan options such as conventional loans, Islamic financing, and personal loans tailored for vehicle purchases.
To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and fill out the application form.
Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can decrease it.
Be aware of the interest rates, loan terms, and any additional fees. It's essential to understand the total cost of the loan before committing.
Factors include your credit score, the loan amount, the duration of the loan, and the bank's current interest rates.
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