Toyota Corolla 2020 1.8L XLI Hybrid 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
Toyota Corolla 2020 1.8L XLI Hybrid Car Loan Calculator FAQs in UAE
The average interest rate for a car loan in UAE typically ranges from 3% to 5% depending on the bank and your credit score.
You can apply for a car loan by visiting a bank or financial institution, providing necessary documents like your ID, salary certificate, and vehicle details.
Yes, taking a car loan can impact your credit score, especially if you miss payments. However, timely payments can help improve your score.
Common documents include a valid ID, salary certificate, bank statements, and details of the vehicle you wish to purchase.
Factors include economic conditions, interest rates set by central banks, and inflation rates in the UAE.
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