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XC40 2.0T T4 FWD Momentum 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 11,457

Down Payment

AED 34,000

Total Cost

AED 171,484

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 11,457AED 126,027
2AED 11,457AED 114,570
3AED 11,457AED 103,113
4AED 11,457AED 91,656
5AED 11,457AED 80,199
6AED 11,457AED 68,742
7AED 11,457AED 57,285
8AED 11,457AED 45,828
9AED 11,457AED 34,371
10AED 11,457AED 22,914
11AED 11,457AED 11,457
12AED 11,457AED 0

Monthly Payment Composition

Interest: 124
Principal: 11333

XC40 2.0T T4 FWD Momentum Car Loan Calculator FAQs in UAE

In UAE, you can choose from various loan options including bank loans, dealership financing, and personal loans. It's essential to compare interest rates and terms from different providers.

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.

Before applying, consider your budget, the total cost of the loan, interest rates, loan tenure, and your repayment capacity. It's also advisable to check your credit report.

Factors influencing loan interest rates include your credit score, the amount of down payment, the loan term, and current market conditions.

Most banks in UAE allow early repayment of car loans, but some may charge a penalty fee for this. It's important to check the loan agreement for specific terms.