What are the loan options available for purchasing a Picanto 1.2L LX in the UAE?

In the UAE, you can choose from various loan options such as conventional loans, Islamic financing, and personal loans tailored for vehicle purchases.

How can I apply for a car loan for a Picanto 1.2L LX?

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.

Will taking a car loan for a Picanto 1.2L LX affect my credit score?

Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can decrease 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 essential to understand the total cost of the loan before committing.

What factors can influence the loan interest rate for a Picanto 1.2L LX?

Factors include your credit score, the loan amount, the duration of the loan, and the bank's current interest rates.

CarteaCar Loan Calculator

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.