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Volvo V40 2018 2.0 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 *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 7,069

Down Payment

AED 20,979

Total Cost

AED 105,807

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 7,069AED 77,759
2AED 7,069AED 70,690
3AED 7,069AED 63,621
4AED 7,069AED 56,552
5AED 7,069AED 49,483
6AED 7,069AED 42,414
7AED 7,069AED 35,345
8AED 7,069AED 28,276
9AED 7,069AED 21,207
10AED 7,069AED 14,138
11AED 7,069AED 7,069
12AED 7,069AED 0

Monthly Payment Composition

Interest: 76
Principal: 6993

Volvo V40 2018 2.0 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 personal loans from banks or financial institutions.

To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents such as identification, salary proof, and details of the vehicle, and fill out the loan application.

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

Consider factors such as interest rates, repayment terms, your monthly budget, and any additional fees or insurance requirements associated with the loan.

Factors that can influence the exchange rate include economic stability, inflation rates, interest rates, and global market trends.