HomeCar Loan Calculator

Range Rover Velar 2.0L HSE (250 PS) 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 19,948

Down Payment

AED 59,200

Total Cost

AED 298,576

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 19,948AED 219,428
2AED 19,948AED 199,480
3AED 19,948AED 179,532
4AED 19,948AED 159,584
5AED 19,948AED 139,636
6AED 19,948AED 119,688
7AED 19,948AED 99,740
8AED 19,948AED 79,792
9AED 19,948AED 59,844
10AED 19,948AED 39,896
11AED 19,948AED 19,948
12AED 19,948AED 0

Monthly Payment Composition

Interest: 215
Principal: 19733

Range Rover Velar 2.0L HSE (250 PS) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, submitting necessary documents, and then receiving approval. After approval, you can finalize the purchase.

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.

Pay attention to the interest rate, loan tenure, monthly installments, and any hidden fees. Ensure that the terms are clear and manageable for your budget.

Factors affecting the interest rate include your credit score, loan amount, loan tenure, and the bank's policies. Economic conditions can also play a role.

Yes, you can refinance your car loan if you find better terms or lower interest rates. It's advisable to check with your current lender and other banks for options.