What is the car loan process for purchasing a Suzuki Baleno 2018 1.4L GL in the UAE?

The car loan process typically involves applying with a bank or financial institution, submitting required documents, and getting approval based on your creditworthiness.

Will taking a loan for the Suzuki Baleno 2018 affect my credit score?

Yes, applying for a loan can impact your credit score, especially if you have multiple inquiries or miss payments.

What factors should I consider when applying for a car loan for the Suzuki Baleno 2018?

Consider your budget, interest rates, loan tenure, and any additional fees or insurance requirements.

How does the interest rate for car loans in the UAE affect my monthly payments?

Higher interest rates will increase your monthly payments, while lower rates will reduce them.

What documents are typically required for a car loan application in the UAE?

You will typically need your Emirates ID, proof of income, bank statements, and vehicle details.

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Suzuki Baleno 2018 1.4L GL Car Loan Calculator in UAE

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

Monthly Payment

AED 3,296

Down Payment

AED 9,780

Total Cost

AED 49,332

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,296	AED 36,256
2	AED 3,296	AED 32,960
3	AED 3,296	AED 29,664
4	AED 3,296	AED 26,368
5	AED 3,296	AED 23,072
6	AED 3,296	AED 19,776
7	AED 3,296	AED 16,480
8	AED 3,296	AED 13,184
9	AED 3,296	AED 9,888
10	AED 3,296	AED 6,592
11	AED 3,296	AED 3,296
12	AED 3,296	AED 0

Monthly Payment Composition

Interest: 36

Principal: 3260

Suzuki Baleno 2018 1.4L GL Car Loan Calculator FAQs in UAE

The car loan process typically involves applying with a bank or financial institution, submitting required documents, and getting approval based on your creditworthiness.
Yes, applying for a loan can impact your credit score, especially if you have multiple inquiries or miss payments.
Consider your budget, interest rates, loan tenure, and any additional fees or insurance requirements.
Higher interest rates will increase your monthly payments, while lower rates will reduce them.
You will typically need your Emirates ID, proof of income, bank statements, and vehicle details.