What is the loan process for purchasing a Toyota Hiace 2020 3.5L high roof commuter (13 seater) in the UAE?

The loan process typically involves selecting the vehicle, applying for a loan with your bank, providing necessary documents, and waiting for approval before finalizing the purchase.

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

Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.

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

Consider your credit score, the loan interest rate, the loan term, and your ability to make monthly payments before applying.

What are the common loan terms available for the Toyota Hiace?

Common loan terms range from 12 months to 60 months, with varying interest rates depending on the bank and your credit profile.

How does the exchange rate affect my car loan in the UAE?

The exchange rate impacts the cost of the vehicle if you're borrowing in a foreign currency. Fluctuations can affect your monthly payments and overall loan cost.

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Toyota Hiace 2020 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 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 2020 3.5L high roof commuter (13 seater) Car Loan Calculator FAQs in UAE

The loan process typically involves selecting the vehicle, applying for a loan with your bank, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
Consider your credit score, the loan interest rate, the loan term, and your ability to make monthly payments before applying.
Common loan terms range from 12 months to 60 months, with varying interest rates depending on the bank and your credit profile.
The exchange rate impacts the cost of the vehicle if you're borrowing in a foreign currency. Fluctuations can affect your monthly payments and overall loan cost.