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Spark 1.4L LT 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 48,000
Down PaymentAED 9,600
  • Monthly PaymentAED 3,235
  • Total CostAED 48,420
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining 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

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Spark 1.4L LT Car Loan Calculator FAQs in UAE

  • The car loan process typically involves applying at a bank or financial institution, providing necessary documents, receiving approval, and signing the loan agreement before purchasing the vehicle.
  • Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
  • Factors influencing the loan interest rate include your credit score, loan tenure, down payment, and the bank's policies.
  • Consider your budget, repayment ability, total cost of the loan, and the terms and conditions from the lender.
  • Yes, additional fees may include processing fees, insurance costs, and early repayment penalties depending on the lender.

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