What is the loan process for purchasing a Suzuki Ciaz 2022 1.5L GLX in UAE?

The loan process typically involves applying through a bank or financial institution, submitting necessary documents, receiving approval, and then finalizing the purchase through the dealership.

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

Yes, taking a loan can affect your credit score, as it involves a hard inquiry and increases your credit utilization ratio.

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

Factors such as your credit history, current market rates, loan term, and the lender's policies can influence the interest rates.

What documents do I need to provide for a car loan application?

You typically need to provide proof of income, identification, residency documents, and details about the car you wish to purchase.

Are there any prepayment penalties for my car loan?

Some lenders may charge prepayment penalties, while others may not. It's important to check the loan agreement carefully.

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Suzuki Ciaz 2022 1.5L GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 3,498

Down Payment

AED 10,380

Total Cost

AED 52,356

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,498	AED 38,478
2	AED 3,498	AED 34,980
3	AED 3,498	AED 31,482
4	AED 3,498	AED 27,984
5	AED 3,498	AED 24,486
6	AED 3,498	AED 20,988
7	AED 3,498	AED 17,490
8	AED 3,498	AED 13,992
9	AED 3,498	AED 10,494
10	AED 3,498	AED 6,996
11	AED 3,498	AED 3,498
12	AED 3,498	AED 0

Monthly Payment Composition

Interest: 38

Principal: 3460

Suzuki Ciaz 2022 1.5L GLX Car Loan Calculator FAQs in UAE

The loan process typically involves applying through a bank or financial institution, submitting necessary documents, receiving approval, and then finalizing the purchase through the dealership.
Yes, taking a loan can affect your credit score, as it involves a hard inquiry and increases your credit utilization ratio.
Factors such as your credit history, current market rates, loan term, and the lender's policies can influence the interest rates.
You typically need to provide proof of income, identification, residency documents, and details about the car you wish to purchase.
Some lenders may charge prepayment penalties, while others may not. It's important to check the loan agreement carefully.