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Volvo S60 2020 2.0T T5 R Design Car Loan Calculator in UAE

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

select car *

car price (AED)*

down payment *
%
interest rate *
%
Loan Period *
Month
calculate

Calculation Of Loans

Total Car PriceAED 164,900
Down PaymentAED 32,980
  • Monthly PaymentAED 11,113
  • Total CostAED 166,336
  • Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment ScheduleMonthly PaymentRemaining Amount
1AED 11,113AED 122,243
2AED 11,113AED 111,130
3AED 11,113AED 100,017
4AED 11,113AED 88,904
5AED 11,113AED 77,791
6AED 11,113AED 66,678
7AED 11,113AED 55,565
8AED 11,113AED 44,452
9AED 11,113AED 33,339
10AED 11,113AED 22,226
11AED 11,113AED 11,113
12AED 11,113AED 0

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Volvo S60 2020 2.0T T5 R Design 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 bank financing plans tailored for car purchases.
  • To apply for a car loan, you typically need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and the vehicle details, and fill out an application form.
  • Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
  • You should be aware of the interest rates, loan tenure, any hidden fees, and the total cost of the loan over time.
  • Factors include your credit score, the loan amount, the repayment period, and the economic conditions in the UAE.