What is the typical loan process for purchasing a Toyota Hiace 2019 3.5L high roof commuter (13 seater) in the UAE?

The typical loan process includes checking your eligibility, submitting required documents, choosing a lender, applying for the loan, and finalizing the loan agreement.

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

Yes, taking out a loan can impact your credit score, especially if you miss payments or default on the loan.

What factors should I consider when applying for a car loan in the UAE?

Consider interest rates, loan tenure, monthly payments, your credit score, and any additional fees or charges.

What are the common interest rates for car loans in the UAE?

Interest rates vary but generally range from 2.99% to 6% depending on the lender and your credit profile.

Are there any specific documents required for a car loan application in the UAE?

Yes, you typically need your Emirates ID, salary certificate, bank statements, and a copy of the vehicle's registration.

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Toyota Hiace 2019 3.5L high roof commuter (13 seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 9,570

Down Payment

AED 28,400

Total Cost

AED 143,240

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,570	AED 105,270
2	AED 9,570	AED 95,700
3	AED 9,570	AED 86,130
4	AED 9,570	AED 76,560
5	AED 9,570	AED 66,990
6	AED 9,570	AED 57,420
7	AED 9,570	AED 47,850
8	AED 9,570	AED 38,280
9	AED 9,570	AED 28,710
10	AED 9,570	AED 19,140
11	AED 9,570	AED 9,570
12	AED 9,570	AED 0

Monthly Payment Composition

Interest: 104

Principal: 9466

Toyota Hiace 2019 3.5L high roof commuter (13 seater) Car Loan Calculator FAQs in UAE

The typical loan process includes checking your eligibility, submitting required documents, choosing a lender, applying for the loan, and finalizing the loan agreement.
Yes, taking out a loan can impact your credit score, especially if you miss payments or default on the loan.
Consider interest rates, loan tenure, monthly payments, your credit score, and any additional fees or charges.
Interest rates vary but generally range from 2.99% to 6% depending on the lender and your credit profile.
Yes, you typically need your Emirates ID, salary certificate, bank statements, and a copy of the vehicle's registration.