What are the loan options available for purchasing a Suzuki Ertiga 2020 1.5L GL in the UAE?

In the UAE, you can choose from various bank loans, including conventional auto loans, Islamic auto financing, and personal loans that can be used for vehicle purchase.

How do I apply for a car loan for the Suzuki Ertiga 2020 1.5L GL?

You can apply for a car loan by visiting the bank's branch or applying online. You will need to provide documents such as your Emirates ID, salary certificate, and vehicle price quotation.

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

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

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

Consider the interest rate, loan tenure, monthly installments, and the total cost of borrowing. Also, check for any hidden fees.

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

Factors include your credit history, the loan amount, the loan tenure, and the bank's policies. Market conditions may also play a role.

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Suzuki Ertiga 2020 1.5L GL Car Loan Calculator in UAE

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

Monthly Payment

AED 3,296

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 Ertiga 2020 1.5L GL Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various bank loans, including conventional auto loans, Islamic auto financing, and personal loans that can be used for vehicle purchase.
You can apply for a car loan by visiting the bank's branch or applying online. You will need to provide documents such as your Emirates ID, salary certificate, and vehicle price quotation.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rate, loan tenure, monthly installments, and the total cost of borrowing. Also, check for any hidden fees.
Factors include your credit history, the loan amount, the loan tenure, and the bank's policies. Market conditions may also play a role.