What are the loan options available for purchasing a 2018 Toyota Corolla 1.6L Sport in the UAE?

In the UAE, you can choose from various loan options such as personal loans from banks, dealer financing, or leasing options. Each option has different interest rates and terms.

How do I apply for a car loan for a Toyota Corolla in the UAE?

To apply for a car loan, you need to gather documents such as your Emirates ID, salary certificates, bank statements, and then approach a bank or a dealership to submit your application.

Will taking a car loan affect my credit score in the UAE?

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

What should I be aware of when taking a car loan in the UAE?

You should be aware of the interest rates, loan tenure, additional fees, and ensure you understand the total cost of the loan over its duration.

What factors can affect the interest rate on my car loan in the UAE?

Factors that can affect the interest rate include your credit history, the loan amount, the loan term, and the lender’s policies.

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Toyota Corolla 2018 1.6L Sport Car Loan Calculator in UAE

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

Monthly Payment

AED 4,779

Down Payment

AED 14,180

Total Cost

AED 71,528

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,779	AED 52,569
2	AED 4,779	AED 47,790
3	AED 4,779	AED 43,011
4	AED 4,779	AED 38,232
5	AED 4,779	AED 33,453
6	AED 4,779	AED 28,674
7	AED 4,779	AED 23,895
8	AED 4,779	AED 19,116
9	AED 4,779	AED 14,337
10	AED 4,779	AED 9,558
11	AED 4,779	AED 4,779
12	AED 4,779	AED 0

Monthly Payment Composition

Interest: 53

Principal: 4726

Toyota Corolla 2018 1.6L Sport Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options such as personal loans from banks, dealer financing, or leasing options. Each option has different interest rates and terms.
To apply for a car loan, you need to gather documents such as your Emirates ID, salary certificates, bank statements, and then approach a bank or a dealership to submit your application.
Yes, taking a car loan will affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
You should be aware of the interest rates, loan tenure, additional fees, and ensure you understand the total cost of the loan over its duration.
Factors that can affect the interest rate include your credit history, the loan amount, the loan term, and the lender’s policies.