What are the available loan options for financing a 2018 Toyota Prius 1.8 Iconic in the UAE?

In the UAE, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and balloon payments. Each bank may offer different terms and conditions.

How do I apply for a car loan for the 2018 Toyota Prius 1.8 Iconic?

To apply for a car loan, you need to gather required documents such as your ID, proof of income, and bank statements. Then, visit your preferred bank or apply online through their website.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What should I consider before taking a car loan?

Consider the interest rate, loan term, monthly payments, and your overall budget. Also, ensure you understand any fees associated with the loan.

What factors influence the loan interest rate in the UAE?

Factors influencing the loan interest rate include your credit score, the loan amount, the loan term, and the prevailing market rates set by the central bank.

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Toyota Prius 2018 1.8 Iconic Car Loan Calculator in UAE

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

Monthly Payment

AED 6,935

Down Payment

AED 20,580

Total Cost

AED 103,800

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,935	AED 76,285
2	AED 6,935	AED 69,350
3	AED 6,935	AED 62,415
4	AED 6,935	AED 55,480
5	AED 6,935	AED 48,545
6	AED 6,935	AED 41,610
7	AED 6,935	AED 34,675
8	AED 6,935	AED 27,740
9	AED 6,935	AED 20,805
10	AED 6,935	AED 13,870
11	AED 6,935	AED 6,935
12	AED 6,935	AED 0

Monthly Payment Composition

Interest: 75

Principal: 6860

Toyota Prius 2018 1.8 Iconic Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and balloon payments. Each bank may offer different terms and conditions.
To apply for a car loan, you need to gather required documents such as your ID, proof of income, and bank statements. Then, visit your preferred bank or apply online through their website.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, monthly payments, and your overall budget. Also, ensure you understand any fees associated with the loan.
Factors influencing the loan interest rate include your credit score, the loan amount, the loan term, and the prevailing market rates set by the central bank.