What is the process for getting a loan for a Suzuki Baleno 2022 1.5L GL in UAE?

To get a loan for a Suzuki Baleno 2022 1.5L GL in UAE, you need to choose a bank, gather your documents (like salary statements and ID), fill out an application, and wait for approval. Once approved, you can finalize the loan.

Will taking a loan for my car affect my credit score?

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

What factors can influence the interest rate on my car loan?

Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the bank's policies.

What should I pay attention to when applying for a car loan?

Pay attention to the interest rate, loan term, monthly payments, and any additional fees. Make sure to read the terms and conditions carefully.

Are there any specific documents required for a car loan application?

Yes, typically you will need your Emirates ID, proof of income (like salary slips), bank statements, and sometimes a credit report.

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Suzuki Baleno 2022 1.5L GL Car Loan Calculator in UAE

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

Monthly Payment

AED 3,094

Down Payment

AED 9,180

Total Cost

AED 46,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,094	AED 34,034
2	AED 3,094	AED 30,940
3	AED 3,094	AED 27,846
4	AED 3,094	AED 24,752
5	AED 3,094	AED 21,658
6	AED 3,094	AED 18,564
7	AED 3,094	AED 15,470
8	AED 3,094	AED 12,376
9	AED 3,094	AED 9,282
10	AED 3,094	AED 6,188
11	AED 3,094	AED 3,094
12	AED 3,094	AED 0

Monthly Payment Composition

Interest: 34

Principal: 3060

Suzuki Baleno 2022 1.5L GL Car Loan Calculator FAQs in UAE

To get a loan for a Suzuki Baleno 2022 1.5L GL in UAE, you need to choose a bank, gather your documents (like salary statements and ID), fill out an application, and wait for approval. Once approved, you can finalize the loan.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the bank's policies.
Pay attention to the interest rate, loan term, monthly payments, and any additional fees. Make sure to read the terms and conditions carefully.
Yes, typically you will need your Emirates ID, proof of income (like salary slips), bank statements, and sometimes a credit report.