Spark 1.4L LS Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Monthly Payment
AED 3,235
Down Payment
AED 9,600
Total Cost
AED 48,420
Car Loan Monthly Installments Schedule
Repayment Schedule | Monthly Repayment | Remaining repayment amount |
---|---|---|
1 | AED 3,235 | AED 35,585 |
2 | AED 3,235 | AED 32,350 |
3 | AED 3,235 | AED 29,115 |
4 | AED 3,235 | AED 25,880 |
5 | AED 3,235 | AED 22,645 |
6 | AED 3,235 | AED 19,410 |
7 | AED 3,235 | AED 16,175 |
8 | AED 3,235 | AED 12,940 |
9 | AED 3,235 | AED 9,705 |
10 | AED 3,235 | AED 6,470 |
11 | AED 3,235 | AED 3,235 |
12 | AED 3,235 | AED 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.
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