What are the financing options available for purchasing a Toyota Hilux 2019 2.0L Double Cab 4x2 in UAE?

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing the Toyota Hilux 2019. Each option has different interest rates and terms.

Does applying for a car loan affect my credit score?

Yes, applying for a car loan can affect your credit score as it results in a hard inquiry. However, if you make timely payments, it can positively impact your credit history.

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

Typically, you will need to provide proof of identity, proof of income, bank statements, and information about the vehicle. Specific requirements may vary by bank.

What factors influence the interest rate on my car loan?

Factors influencing the interest rate include your credit score, the loan amount, loan tenure, and the lender's policies.

Is it better to get a loan from a bank or dealership for my Toyota Hilux?

It depends on your individual circumstances. Banks may offer lower interest rates, while dealerships may provide more flexible terms. It's advisable to compare options.

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Toyota Hilux 2019 2.0L Double Cab 4x2 Car Loan Calculator in UAE

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

Monthly Payment

AED 5,378

Down Payment

AED 15,960

Total Cost

AED 80,496

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 5,378	AED 59,158
2	AED 5,378	AED 53,780
3	AED 5,378	AED 48,402
4	AED 5,378	AED 43,024
5	AED 5,378	AED 37,646
6	AED 5,378	AED 32,268
7	AED 5,378	AED 26,890
8	AED 5,378	AED 21,512
9	AED 5,378	AED 16,134
10	AED 5,378	AED 10,756
11	AED 5,378	AED 5,378
12	AED 5,378	AED 0

Monthly Payment Composition

Interest: 58

Principal: 5320

Toyota Hilux 2019 2.0L Double Cab 4x2 Car Loan Calculator FAQs in UAE

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing the Toyota Hilux 2019. Each option has different interest rates and terms.
Yes, applying for a car loan can affect your credit score as it results in a hard inquiry. However, if you make timely payments, it can positively impact your credit history.
Typically, you will need to provide proof of identity, proof of income, bank statements, and information about the vehicle. Specific requirements may vary by bank.
Factors influencing the interest rate include your credit score, the loan amount, loan tenure, and the lender's policies.
It depends on your individual circumstances. Banks may offer lower interest rates, while dealerships may provide more flexible terms. It's advisable to compare options.