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Spark 1.4L LS 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 3,235

Down Payment

AED 9,600

Total Cost

AED 48,420

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 3,235AED 35,585
2AED 3,235AED 32,350
3AED 3,235AED 29,115
4AED 3,235AED 25,880
5AED 3,235AED 22,645
6AED 3,235AED 19,410
7AED 3,235AED 16,175
8AED 3,235AED 12,940
9AED 3,235AED 9,705
10AED 3,235AED 6,470
11AED 3,235AED 3,235
12AED 3,235AED 0

Monthly Payment Composition

Interest: 35
Principal: 3200

Spark 1.4L LS Car Loan Calculator FAQs in UAE

To purchase a Spark 1.4L LS in the UAE, you need to apply for a car loan through a bank or financial institution. The process typically involves submitting your income documents, ID, and vehicle selection, followed by loan approval and disbursement.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can lead to a negative effect on your credit score.

Consider your monthly budget, interest rates, loan tenure, and any additional fees from the bank before applying for a car loan.

Interest rates for car loans in the UAE typically range from 2.99% to 5.99%, depending on the bank and the borrower's credit profile.

Yes, some banks may charge processing fees, insurance fees, or early repayment fees. It's essential to read the loan agreement carefully to understand all potential costs.