What is the loan process for purchasing a Toyota Hiace 2018 2.7L Commuter GL High Roof LWB in UAE?

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and awaiting approval. Once approved, you can finalize the purchase.

Will taking out a loan for the Toyota Hiace affect my credit score?

Yes, taking out a loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.

What factors influence the interest rate for my Toyota Hiace loan?

Factors include your credit score, the amount of down payment, the loan term, and the bank's policies.

What documents do I need to provide for a car loan in UAE?

You typically need to provide identification, proof of income, bank statements, and vehicle details.

Are there any hidden fees associated with car loans in UAE?

Yes, some banks may charge processing fees, insurance fees, and early repayment penalties. It's important to read the loan agreement carefully.

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Toyota Hiace 2018 2.7L Commuter GL High Roof LWB Car Loan Calculator in UAE

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

Monthly Payment

AED 8,256

Down Payment

AED 24,500

Total Cost

AED 123,572

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,256	AED 90,816
2	AED 8,256	AED 82,560
3	AED 8,256	AED 74,304
4	AED 8,256	AED 66,048
5	AED 8,256	AED 57,792
6	AED 8,256	AED 49,536
7	AED 8,256	AED 41,280
8	AED 8,256	AED 33,024
9	AED 8,256	AED 24,768
10	AED 8,256	AED 16,512
11	AED 8,256	AED 8,256
12	AED 8,256	AED 0

Monthly Payment Composition

Interest: 90

Principal: 8166

Toyota Hiace 2018 2.7L Commuter GL High Roof LWB Car Loan Calculator FAQs in UAE

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and awaiting approval. Once approved, you can finalize the purchase.
Yes, taking out a loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
Factors include your credit score, the amount of down payment, the loan term, and the bank's policies.
You typically need to provide identification, proof of income, bank statements, and vehicle details.
Yes, some banks may charge processing fees, insurance fees, and early repayment penalties. It's important to read the loan agreement carefully.