What are the requirements to apply for a SUNNY SL car loan in the UAE?

To apply for a SUNNY SL car loan in the UAE, you typically need to provide proof of income, residency, identification documents, and a valid UAE driving license.

How does taking a car loan affect my credit score in the UAE?

Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect your score.

What factors influence the interest rate on a car loan for the SUNNY SL?

Factors that influence the interest rate include your credit score, the loan amount, the loan term, and the current economic conditions.

Are there any additional fees associated with the SUNNY SL car loan?

Yes, additional fees may include processing fees, insurance, and registration fees. It's important to ask the lender for a complete breakdown.

What should I consider before finalizing my SUNNY SL car loan?

Consider the total cost of the loan, the monthly payments, your budget, and whether you can afford the loan in the long term.

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SUNNY SL Car Loan Calculator in UAE

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

Monthly Payment

AED 5,156

Down Payment

AED 15,300

Total Cost

AED 77,172

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,156	AED 56,716
2	AED 5,156	AED 51,560
3	AED 5,156	AED 46,404
4	AED 5,156	AED 41,248
5	AED 5,156	AED 36,092
6	AED 5,156	AED 30,936
7	AED 5,156	AED 25,780
8	AED 5,156	AED 20,624
9	AED 5,156	AED 15,468
10	AED 5,156	AED 10,312
11	AED 5,156	AED 5,156
12	AED 5,156	AED 0

Monthly Payment Composition

Interest: 56

Principal: 5100

SUNNY SL Car Loan Calculator FAQs in UAE

To apply for a SUNNY SL car loan in the UAE, you typically need to provide proof of income, residency, identification documents, and a valid UAE driving license.
Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect your score.
Factors that influence the interest rate include your credit score, the loan amount, the loan term, and the current economic conditions.
Yes, additional fees may include processing fees, insurance, and registration fees. It's important to ask the lender for a complete breakdown.
Consider the total cost of the loan, the monthly payments, your budget, and whether you can afford the loan in the long term.