What are the loan options available for purchasing a Volvo S60 2020 2.0T T5 Inscription (AWD) in UAE?

In UAE, you can choose from various loan options such as bank loans, dealership financing, or personal loans. Each option has different terms and interest rates.

How can I apply for a car loan for the Volvo S60 2020 in UAE?

You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing the required documents such as proof of income and identification.

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 for the Volvo S60 2020?

Consider the interest rates, loan term, your budget, and the total cost of the loan including fees. Also, check your eligibility and compare offers from different lenders.

What factors influence the interest rate of a car loan in UAE?

Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions and market rates can also play a role.

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Volvo S60 2020 2.0T T5 Inscription (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 11,113

Down Payment

AED 32,980

Total Cost

AED 166,336

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 11,113	AED 122,243
2	AED 11,113	AED 111,130
3	AED 11,113	AED 100,017
4	AED 11,113	AED 88,904
5	AED 11,113	AED 77,791
6	AED 11,113	AED 66,678
7	AED 11,113	AED 55,565
8	AED 11,113	AED 44,452
9	AED 11,113	AED 33,339
10	AED 11,113	AED 22,226
11	AED 11,113	AED 11,113
12	AED 11,113	AED 0

Monthly Payment Composition

Interest: 120

Principal: 10993

Volvo S60 2020 2.0T T5 Inscription (AWD) Car Loan Calculator FAQs in UAE

In UAE, you can choose from various loan options such as bank loans, dealership financing, or personal loans. Each option has different terms and interest rates.
You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing the required documents such as proof of income and identification.
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 rates, loan term, your budget, and the total cost of the loan including fees. Also, check your eligibility and compare offers from different lenders.
Factors include your credit score, loan amount, loan term, and the lender's policies. Economic conditions and market rates can also play a role.