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Sonet 1.5L EX2 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 *
%
interest rate *
%
Loan Period *
Month
calculate

Calculation Of Loans

Total Car PriceAED 82,500
Down PaymentAED 16,500
  • Monthly PaymentAED 5,560
  • Total CostAED 83,220
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining Amount
1AED 5,560AED 61,160
2AED 5,560AED 55,600
3AED 5,560AED 50,040
4AED 5,560AED 44,480
5AED 5,560AED 38,920
6AED 5,560AED 33,360
7AED 5,560AED 27,800
8AED 5,560AED 22,240
9AED 5,560AED 16,680
10AED 5,560AED 11,120
11AED 5,560AED 5,560
12AED 5,560AED 0

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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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