CarteaCar Loan Calculator

Polestar 2 2022 Long Range Dual Motor Car Loan Calculator in UAE

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

select car *

car price (AED)*

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

Monthly Payment

AED 12,124

Down Payment

AED 35,980

Total Cost

AED 181,468

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 12,124AED 133,364
2AED 12,124AED 121,240
3AED 12,124AED 109,116
4AED 12,124AED 96,992
5AED 12,124AED 84,868
6AED 12,124AED 72,744
7AED 12,124AED 60,620
8AED 12,124AED 48,496
9AED 12,124AED 36,372
10AED 12,124AED 24,248
11AED 12,124AED 12,124
12AED 12,124AED 0

Monthly Payment Composition

Interest: 131
Principal: 11993

Polestar 2 2022 Long Range Dual Motor Car Loan Calculator FAQs in UAE

  • In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.
  • To apply for a car loan, you typically need to provide documents such as your Emirates ID, proof of income, and the vehicle details. You can apply online or visit a bank branch.
  • Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
  • Be aware of the interest rates, loan tenure, and any additional fees. Also, ensure that you can comfortably afford the monthly installments.
  • Factors that can affect your loan interest rate include your credit score, the loan amount, the loan term, and current market interest rates.