What is the loan process for purchasing a Suzuki Swift 2019 1.2L GLX in UAE?

The loan process typically involves submitting an application to the bank, providing necessary documents such as your ID, proof of income, and details of the vehicle, after which the bank will assess your eligibility and offer loan terms.

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

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

What should I be aware of when applying for a car loan?

You should consider interest rates, loan duration, monthly installments, and any additional fees. It's also important to check your credit history.

What factors influence the car loan interest rates in UAE?

Factors include the borrower's credit score, the loan amount, the duration of the loan, and the current market conditions.

Are there any specific requirements for financing a Suzuki Swift 2019?

Generally, you will need to provide proof of income, a valid Emirates ID, and details about the vehicle, such as its cost and registration.

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Suzuki Swift 2019 1.2L GLX Car Loan Calculator in UAE

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

Monthly Payment

AED 3,808

Down Payment

AED 11,300

Total Cost

AED 56,996

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,808	AED 41,888
2	AED 3,808	AED 38,080
3	AED 3,808	AED 34,272
4	AED 3,808	AED 30,464
5	AED 3,808	AED 26,656
6	AED 3,808	AED 22,848
7	AED 3,808	AED 19,040
8	AED 3,808	AED 15,232
9	AED 3,808	AED 11,424
10	AED 3,808	AED 7,616
11	AED 3,808	AED 3,808
12	AED 3,808	AED 0

Monthly Payment Composition

Interest: 42

Principal: 3766

Suzuki Swift 2019 1.2L GLX Car Loan Calculator FAQs in UAE

The loan process typically involves submitting an application to the bank, providing necessary documents such as your ID, proof of income, and details of the vehicle, after which the bank will assess your eligibility and offer loan terms.
Yes, taking a loan will impact your credit score. Timely payments can improve your score, while missed payments can lower it.
You should consider interest rates, loan duration, monthly installments, and any additional fees. It's also important to check your credit history.
Factors include the borrower's credit score, the loan amount, the duration of the loan, and the current market conditions.
Generally, you will need to provide proof of income, a valid Emirates ID, and details about the vehicle, such as its cost and registration.