What are the requirements for obtaining a car loan for the Toyota Hiace 2019 in UAE?

To obtain a car loan for the Toyota Hiace 2019, you typically need to provide proof of income, residency, and identification. Additionally, a good credit history is often required.

How does a car loan affect my credit score in UAE?

A car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.

What factors influence the interest rate for car loans in UAE?

The interest rate for car loans in UAE can be influenced by factors such as your credit score, the loan amount, the loan term, and the bank's policies.

What is the typical loan tenure for a car loan in UAE?

The typical loan tenure for a car loan in UAE ranges from 1 to 5 years, depending on the bank and the amount financed.

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

Yes, there may be additional fees such as processing fees, early repayment fees, and insurance requirements that can add to the overall cost of the loan.

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Toyota Hiace 2019 3.5L GL STD Roof Panel Van (3-Seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 7,002

Down Payment

AED 20,780

Total Cost

AED 104,804

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,002	AED 77,022
2	AED 7,002	AED 70,020
3	AED 7,002	AED 63,018
4	AED 7,002	AED 56,016
5	AED 7,002	AED 49,014
6	AED 7,002	AED 42,012
7	AED 7,002	AED 35,010
8	AED 7,002	AED 28,008
9	AED 7,002	AED 21,006
10	AED 7,002	AED 14,004
11	AED 7,002	AED 7,002
12	AED 7,002	AED 0

Monthly Payment Composition

Interest: 76

Principal: 6926

Toyota Hiace 2019 3.5L GL STD Roof Panel Van (3-Seater) Car Loan Calculator FAQs in UAE

To obtain a car loan for the Toyota Hiace 2019, you typically need to provide proof of income, residency, and identification. Additionally, a good credit history is often required.
A car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
The interest rate for car loans in UAE can be influenced by factors such as your credit score, the loan amount, the loan term, and the bank's policies.
The typical loan tenure for a car loan in UAE ranges from 1 to 5 years, depending on the bank and the amount financed.
Yes, there may be additional fees such as processing fees, early repayment fees, and insurance requirements that can add to the overall cost of the loan.