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Sorento 2.5L LX (RWD) Car Loan Calculator in UAE

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

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car price (AED)*

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

Monthly Payment

AED 7,818

Down Payment

AED 23,200

Total Cost

AED 117,016

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 7,818AED 85,998
2AED 7,818AED 78,180
3AED 7,818AED 70,362
4AED 7,818AED 62,544
5AED 7,818AED 54,726
6AED 7,818AED 46,908
7AED 7,818AED 39,090
8AED 7,818AED 31,272
9AED 7,818AED 23,454
10AED 7,818AED 15,636
11AED 7,818AED 7,818
12AED 7,818AED 0

Monthly Payment Composition

Interest: 85
Principal: 7733

Sorento 2.5L LX (RWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options including bank financing, dealer financing, and personal loans specifically tailored for vehicle purchases.

You can apply for a car loan by visiting a bank or financial institution, completing an application form, and providing the necessary documents such as proof of income, identification, and vehicle details.

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

Consider factors such as interest rates, loan tenure, monthly repayment amounts, and any additional fees or charges associated with the loan.

Loan rates can be influenced by the borrower's credit score, the loan amount, the term of the loan, and the prevailing economic conditions and bank policies.