What are the financing options available for purchasing a Sonet 1.5L EX1 in the UAE?

In the UAE, you can choose from various financing options such as traditional bank loans, financing through dealerships, or Islamic finance options.

How do I apply for a car loan for the Sonet 1.5L EX1?

You can apply for a car loan by gathering the required documents, such as your ID, salary certificate, and bank statements, then visiting a bank or a finance company.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect 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. Always read the fine print before signing the agreement.

What factors can affect the interest rate on my car loan?

Factors include your credit score, the loan amount, the length of the loan, and the current market interest rates.

CarteaCar Loan Calculator

Sonet 1.5L EX1 Car Loan Calculator in UAE

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

Monthly Payment

AED 5,089

Down Payment

AED 15,100

Total Cost

AED 76,168

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,089	AED 55,979
2	AED 5,089	AED 50,890
3	AED 5,089	AED 45,801
4	AED 5,089	AED 40,712
5	AED 5,089	AED 35,623
6	AED 5,089	AED 30,534
7	AED 5,089	AED 25,445
8	AED 5,089	AED 20,356
9	AED 5,089	AED 15,267
10	AED 5,089	AED 10,178
11	AED 5,089	AED 5,089
12	AED 5,089	AED 0

Monthly Payment Composition

Interest: 56

Principal: 5033

Sonet 1.5L EX1 Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as traditional bank loans, financing through dealerships, or Islamic finance options.
You can apply for a car loan by gathering the required documents, such as your ID, salary certificate, and bank statements, then visiting a bank or a finance company.
Yes, taking a car loan can affect 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. Always read the fine print before signing the agreement.
Factors include your credit score, the loan amount, the length of the loan, and the current market interest rates.