What are the loan options available for purchasing a Suzuki Vitara 2021 1.6L GLX 2WD in the UAE?

In the UAE, banks offer various loan options such as conventional car loans, Islamic auto financing, and personal loans tailored for vehicle purchases.

How do I apply for a car loan for the Suzuki Vitara 2021?

To apply for a car loan, you need to visit the bank or financial institution, provide necessary documents such as ID, salary proof, and details of the car, and fill out the application form.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan can affect your credit score, as lenders will perform a credit inquiry, which may temporarily lower your score.

What should I consider before taking a car loan?

Consider factors such as your monthly budget, interest rates, loan tenure, and any additional fees associated with the loan before making a decision.

What factors can affect the loan interest rate for a car?

Factors that can affect the loan interest rate include your credit score, the loan amount, the duration of the loan, and the current market conditions.

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Suzuki Vitara 2021 1.6L GLX 2WD Car Loan Calculator in UAE

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

Monthly Payment

AED 4,529

Down Payment

AED 13,440

Total Cost

AED 67,788

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,529	AED 49,819
2	AED 4,529	AED 45,290
3	AED 4,529	AED 40,761
4	AED 4,529	AED 36,232
5	AED 4,529	AED 31,703
6	AED 4,529	AED 27,174
7	AED 4,529	AED 22,645
8	AED 4,529	AED 18,116
9	AED 4,529	AED 13,587
10	AED 4,529	AED 9,058
11	AED 4,529	AED 4,529
12	AED 4,529	AED 0

Monthly Payment Composition

Interest: 49

Principal: 4480

Suzuki Vitara 2021 1.6L GLX 2WD Car Loan Calculator FAQs in UAE

In the UAE, banks offer various loan options such as conventional car loans, Islamic auto financing, and personal loans tailored for vehicle purchases.
To apply for a car loan, you need to visit the bank or financial institution, provide necessary documents such as ID, salary proof, and details of the car, and fill out the application form.
Yes, applying for a car loan can affect your credit score, as lenders will perform a credit inquiry, which may temporarily lower your score.
Consider factors such as your monthly budget, interest rates, loan tenure, and any additional fees associated with the loan before making a decision.
Factors that can affect the loan interest rate include your credit score, the loan amount, the duration of the loan, and the current market conditions.