What is the loan process for purchasing a Suzuki Vitara 2018 1.6L GLX AWD in the UAE?

To purchase a Suzuki Vitara 2018, you need to submit a loan application to a bank or financial institution, provide necessary documentation, and undergo a credit assessment.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan can impact your credit score as it affects your credit utilization and payment history.

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

Consider your income, credit score, loan term, interest rates, and any additional fees when applying for a car loan.

What is the typical interest rate for a car loan in the UAE?

The typical interest rate for a car loan in the UAE ranges from 3% to 5%, depending on the bank and individual credit history.

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

You typically need to provide proof of income, ID, residency documents, and bank statements when applying for a car loan.

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Suzuki Vitara 2018 1.6L GLX AWD Car Loan Calculator in UAE

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

Monthly Payment

AED 5,655

Down Payment

AED 16,780

Total Cost

AED 84,640

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,655	AED 62,205
2	AED 5,655	AED 56,550
3	AED 5,655	AED 50,895
4	AED 5,655	AED 45,240
5	AED 5,655	AED 39,585
6	AED 5,655	AED 33,930
7	AED 5,655	AED 28,275
8	AED 5,655	AED 22,620
9	AED 5,655	AED 16,965
10	AED 5,655	AED 11,310
11	AED 5,655	AED 5,655
12	AED 5,655	AED 0

Monthly Payment Composition

Interest: 62

Principal: 5593

Suzuki Vitara 2018 1.6L GLX AWD Car Loan Calculator FAQs in UAE

To purchase a Suzuki Vitara 2018, you need to submit a loan application to a bank or financial institution, provide necessary documentation, and undergo a credit assessment.
Yes, taking out a car loan can impact your credit score as it affects your credit utilization and payment history.
Consider your income, credit score, loan term, interest rates, and any additional fees when applying for a car loan.
The typical interest rate for a car loan in the UAE ranges from 3% to 5%, depending on the bank and individual credit history.
You typically need to provide proof of income, ID, residency documents, and bank statements when applying for a car loan.