

Sonet 1.5L EX2 Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 5,560
Down Payment
AED 16,500
Total Cost
AED 83,220
Car Loan Monthly Installments Schedule
Repayment Schedule | Monthly Repayment | Remaining repayment amount |
---|---|---|
1 | AED 5,560 | AED 61,160 |
2 | AED 5,560 | AED 55,600 |
3 | AED 5,560 | AED 50,040 |
4 | AED 5,560 | AED 44,480 |
5 | AED 5,560 | AED 38,920 |
6 | AED 5,560 | AED 33,360 |
7 | AED 5,560 | AED 27,800 |
8 | AED 5,560 | AED 22,240 |
9 | AED 5,560 | AED 16,680 |
10 | AED 5,560 | AED 11,120 |
11 | AED 5,560 | AED 5,560 |
12 | AED 5,560 | AED 0 |
Monthly Payment Composition
Interest: 60
Principal: 5500
Sonet 1.5L EX2 Car Loan Calculator FAQs in UAE
In UAE, you can choose from various loan options including bank loans, dealership financing, and personal loans. It's advisable to compare interest rates and terms offered by different banks.
Taking a loan can impact your credit score positively or negatively depending on your repayment behavior. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need to provide identification, proof of income, bank statements, and details of the vehicle you wish to purchase. Additional documents may be required by specific lenders.
Factors that influence interest rates include your credit score, the loan amount, the loan tenure, and the type of car. Newer models like the Sonet 1.5L EX2 may have lower rates due to their demand.
It depends on your situation. Bank loans may offer better interest rates, while dealership financing can be more convenient. Always compare terms and conditions before making a decision.
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