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T2 Standard 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 *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 9,840

Down Payment

AED 29,200

Total Cost

AED 147,280

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 9,840AED 108,240
2AED 9,840AED 98,400
3AED 9,840AED 88,560
4AED 9,840AED 78,720
5AED 9,840AED 68,880
6AED 9,840AED 59,040
7AED 9,840AED 49,200
8AED 9,840AED 39,360
9AED 9,840AED 29,520
10AED 9,840AED 19,680
11AED 9,840AED 9,840
12AED 9,840AED 0

Monthly Payment Composition

Interest: 107
Principal: 9733

T2 Standard Car Loan Calculator FAQs in UAE

The T2 Standard car loan is a type of financing option offered by banks in the UAE for purchasing vehicles, typically with competitive interest rates and flexible repayment terms.

You can apply for a T2 Standard car loan by visiting a bank branch, filling out the application form, and providing necessary documents such as identification, income proof, and vehicle details.

Yes, taking a car loan can impact your credit score, as it adds to your credit history and affects your credit utilization ratio. Timely repayments can improve your score.

You should be aware of the interest rates, repayment period, any additional fees, and the total cost of the loan over its term.

Factors influencing the interest rate include your credit score, the loan amount, the repayment term, and the bank's policies.