What are the financing options available for purchasing a Toyota Hiace 2021 3.5L high roof commuter (13 seater) in UAE?

In the UAE, you can choose from various financing options such as bank loans, dealer financing, or personal loans, depending on your eligibility and preferences.

How does taking a loan for a Toyota Hiace affect my credit score?

Taking a loan can impact your credit score positively if you make timely repayments, but missing payments can lower your score.

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

Typically, you will need to provide proof of identity, income statements, bank statements, and residency documents.

What factors can affect the interest rate on a car loan for the Toyota Hiace?

Factors include your credit history, the loan amount, loan tenure, and the lender's policies.

Is it better to finance through a bank or through a dealer when purchasing a Toyota Hiace?

It depends on your situation; banks may offer better rates, but dealers may provide more convenience and promotional offers.

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Toyota Hiace 2021 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 9,226

Down Payment

AED 27,380

Total Cost

AED 138,092

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,226	AED 101,486
2	AED 9,226	AED 92,260
3	AED 9,226	AED 83,034
4	AED 9,226	AED 73,808
5	AED 9,226	AED 64,582
6	AED 9,226	AED 55,356
7	AED 9,226	AED 46,130
8	AED 9,226	AED 36,904
9	AED 9,226	AED 27,678
10	AED 9,226	AED 18,452
11	AED 9,226	AED 9,226
12	AED 9,226	AED 0

Monthly Payment Composition

Interest: 100

Principal: 9126

Toyota Hiace 2021 3.5L high roof commuter (13 seater) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealer financing, or personal loans, depending on your eligibility and preferences.
Taking a loan can impact your credit score positively if you make timely repayments, but missing payments can lower your score.
Typically, you will need to provide proof of identity, income statements, bank statements, and residency documents.
Factors include your credit history, the loan amount, loan tenure, and the lender's policies.
It depends on your situation; banks may offer better rates, but dealers may provide more convenience and promotional offers.