What are the eligibility criteria for a car loan for the Toyota Hiace 2020 3.5L GLS high roof in UAE?

To qualify for a car loan in the UAE, you generally need to be at least 21 years old, have a steady income, and provide necessary documents like your Emirates ID, salary certificate, and bank statements.

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

Taking a car loan can impact your credit score. If you make timely payments, it can improve your score, but missed or late payments can negatively affect it.

What documents are required to apply for a car loan for the Toyota Hiace?

You will typically need to provide your Emirates ID, a valid driving license, salary certificate, bank statements, and proof of residency.

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

Interest rates can be influenced by factors such as your credit score, the loan amount, the term duration, and the bank's policies.

Can I pay off my car loan early without penalties?

Most banks in UAE allow early repayment of car loans, but some may charge a fee. It’s best to check with your lender for their specific policies.

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Toyota Hiace 2020 3.5L GLS high roof (3 seater) Car Loan Calculator in UAE

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

Monthly Payment

AED 8,350

Down Payment

AED 24,780

Total Cost

AED 124,980

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 8,350	AED 91,850
2	AED 8,350	AED 83,500
3	AED 8,350	AED 75,150
4	AED 8,350	AED 66,800
5	AED 8,350	AED 58,450
6	AED 8,350	AED 50,100
7	AED 8,350	AED 41,750
8	AED 8,350	AED 33,400
9	AED 8,350	AED 25,050
10	AED 8,350	AED 16,700
11	AED 8,350	AED 8,350
12	AED 8,350	AED 0

Monthly Payment Composition

Interest: 90

Principal: 8260

Toyota Hiace 2020 3.5L GLS high roof (3 seater) Car Loan Calculator FAQs in UAE

To qualify for a car loan in the UAE, you generally need to be at least 21 years old, have a steady income, and provide necessary documents like your Emirates ID, salary certificate, and bank statements.
Taking a car loan can impact your credit score. If you make timely payments, it can improve your score, but missed or late payments can negatively affect it.
You will typically need to provide your Emirates ID, a valid driving license, salary certificate, bank statements, and proof of residency.
Interest rates can be influenced by factors such as your credit score, the loan amount, the term duration, and the bank's policies.
Most banks in UAE allow early repayment of car loans, but some may charge a fee. It’s best to check with your lender for their specific policies.