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Veloz GX Car Loan Calculator in UAE

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

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car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 5,452

Down Payment

AED 16,180

Total Cost

AED 81,604

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 5,452AED 59,972
2AED 5,452AED 54,520
3AED 5,452AED 49,068
4AED 5,452AED 43,616
5AED 5,452AED 38,164
6AED 5,452AED 32,712
7AED 5,452AED 27,260
8AED 5,452AED 21,808
9AED 5,452AED 16,356
10AED 5,452AED 10,904
11AED 5,452AED 5,452
12AED 5,452AED 0

Monthly Payment Composition

Interest: 59
Principal: 5393

Veloz GX Car Loan Calculator FAQs in UAE

To obtain a car loan for a Veloz GX in the UAE, you need to choose a bank, submit the required documents, fill out an application form, and wait for approval. The process typically involves credit checks and verification of your income.

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

Consider your budget, interest rates, loan terms, monthly payments, and any additional fees. It's also important to assess your financial stability and repayment capacity.

Typically, you will need to provide proof of identity, residency, income (like salary slips), bank statements, and details of the car you wish to purchase.

Interest rates can be influenced by factors such as your credit score, the loan amount, the loan term, the bank's policies, and current market conditions.