What are the requirements for obtaining a loan to purchase a Toyota Yaris 2019 1.5L SE+ (Hatchback) in UAE?

To obtain a loan for purchasing a Toyota Yaris 2019, you typically need to provide proof of income, a valid Emirates ID, a good credit score, and a down payment of around 20% of the car's price.

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

Taking out a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

What factors can affect the interest rate on my car loan for a Toyota Yaris in UAE?

Factors that can affect the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies.

Can I refinance my car loan for a Toyota Yaris 2019 in UAE?

Yes, refinancing is possible in UAE. It can help you secure a lower interest rate or adjust the loan term, but you should consider the costs involved.

What should I be aware of before applying for a car loan in UAE?

Before applying, ensure you understand the total cost of the loan, including interest rates, fees, and the repayment period. It's also wise to compare offers from different banks.

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Toyota Yaris 2019 1.5L SE+ (Hatchback) Car Loan Calculator in UAE

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

Monthly Payment

AED 4,597

Down Payment

AED 13,640

Total Cost

AED 68,804

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,597	AED 50,567
2	AED 4,597	AED 45,970
3	AED 4,597	AED 41,373
4	AED 4,597	AED 36,776
5	AED 4,597	AED 32,179
6	AED 4,597	AED 27,582
7	AED 4,597	AED 22,985
8	AED 4,597	AED 18,388
9	AED 4,597	AED 13,791
10	AED 4,597	AED 9,194
11	AED 4,597	AED 4,597
12	AED 4,597	AED 0

Monthly Payment Composition

Interest: 51

Principal: 4546

Toyota Yaris 2019 1.5L SE+ (Hatchback) Car Loan Calculator FAQs in UAE

To obtain a loan for purchasing a Toyota Yaris 2019, you typically need to provide proof of income, a valid Emirates ID, a good credit score, and a down payment of around 20% of the car's price.
Taking out a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
Factors that can affect the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies.
Yes, refinancing is possible in UAE. It can help you secure a lower interest rate or adjust the loan term, but you should consider the costs involved.
Before applying, ensure you understand the total cost of the loan, including interest rates, fees, and the repayment period. It's also wise to compare offers from different banks.