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Swift 1.2L GL Car Loan Calculator in UAE

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

select car *

car price (AED)*

down payment *
%
interest rate *
%
Loan Period *
Month
calculate

Calculation Of Loans

Total Car Price-
Down PaymentAED 10,540
  • Monthly PaymentAED 42,231
  • Total CostAED 52,771
  • Loan Period1 Month

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 42,231AED 0

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Swift 1.2L GL Car Loan Calculator FAQs in UAE

  • To qualify for a car loan in the UAE, applicants typically need to be at least 21 years old, have a valid UAE residency, and provide proof of income. Additionally, a good credit score is often required.
  • Taking a car loan can affect your credit score positively if you make timely payments, as it shows lenders you are responsible. However, missing payments can negatively impact your score.
  • When applying for a car loan, consider the interest rate, loan term, your monthly budget, and any additional fees. It's also important to compare offers from different banks.
  • The typical interest rate for a car loan in the UAE ranges from 2.99% to 6% depending on the bank, your credit score, and loan amount.
  • Many banks in the UAE allow early repayment of car loans without penalties, but it's important to check the specific terms with your lender.