What are the typical interest rates for a car loan on a Suzuki Baleno 2020 1.4L GLX in the UAE?

Typical interest rates for a car loan in the UAE can range from 3% to 5%, depending on your credit score and the bank's policies.

How can I apply for a car loan for the Suzuki Baleno 2020 1.4L GLX?

You can apply for a car loan through your preferred bank's website, or visit a branch and provide necessary documents such as your ID, salary certificate, and proof of residency.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What documents do I need to secure a loan for the Suzuki Baleno 2020 1.4L GLX?

You typically need your Emirates ID, salary certificate, bank statements, and proof of residency to secure a loan.

What factors can affect the loan approval rate for a Suzuki Baleno 2020 1.4L GLX?

Factors include your credit history, income level, employment stability, and the bank’s lending policies.

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Suzuki Baleno 2020 1.4L GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 3,363

Down Payment

AED 9,980

Total Cost

AED 50,336

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,363	AED 36,993
2	AED 3,363	AED 33,630
3	AED 3,363	AED 30,267
4	AED 3,363	AED 26,904
5	AED 3,363	AED 23,541
6	AED 3,363	AED 20,178
7	AED 3,363	AED 16,815
8	AED 3,363	AED 13,452
9	AED 3,363	AED 10,089
10	AED 3,363	AED 6,726
11	AED 3,363	AED 3,363
12	AED 3,363	AED 0

Monthly Payment Composition

Interest: 37

Principal: 3326

Suzuki Baleno 2020 1.4L GLX Car Loan Calculator FAQs in UAE

Typical interest rates for a car loan in the UAE can range from 3% to 5%, depending on your credit score and the bank's policies.
You can apply for a car loan through your preferred bank's website, or visit a branch and provide necessary documents such as your ID, salary certificate, and proof of residency.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
You typically need your Emirates ID, salary certificate, bank statements, and proof of residency to secure a loan.
Factors include your credit history, income level, employment stability, and the bank’s lending policies.