Car Loan Calculator for UAE

Use the HowUAE Car Loan Calculator to estimate car loan details in the UAE. Calculate monthly installments, loan amounts, interest rates and more. This UAE auto Loan calculator is the tool to help you make informed decisions about your car purchase and stay within your budget. Calculate monthly installments, loan amounts and more.

UAE Car Loan Calculator






Results

Approximate Monthly Cost:

Loan Amount:

Interest:

Total Payable:

Yearly Repayment Schedule

Year Principal Interest Paid Principal Paid Balance Amount Loan Amount Paid (%)

Also use: Debt Burden Ratio Calculator for UAE | Savings Calculator – UAE

How to Use This UAE Auto Loan Calculator

Buying a car in the UAE and need to know your financing options? Our UAE Auto Loan Calculator will help you calculate your car loan in a snap. Here’s a step by step guide to use this tool effectively.

Step 1: Enter the Car Price (AED)

  1. Car Price (AED): Enter the total price of the car you want to buy in UAE Dirhams (AED) in the “Car Price” field. This is the price of the car as per the sticker.

Step 2: Enter the Processing Fee (%)

  1. Processing Fee (%): Enter the processing fee as a percentage of the car price in the “Processing Fee (%)” field. This fee is charged by your chosen lender or financial institution.

Step 3: Enter the Interest Rate (%) in this Auto Loan Calculator

  1. Interest Rate (%): Enter the annual interest rate for your car loan in the “Interest Rate (%)” field. This is the cost of borrowing and varies with your lender and credit score.

Step 4: Choose the Loan Tenure (Years)

  1. Tenure (Years): Select the loan tenure in years from the “Tenure (Years)” field. This is the period you want to repay the loan.

Step 5: Enter Your Down Payment (%)

  1. Down Payment (%): Enter the percentage of the car price you want to pay as down payment in the “Down Payment (%)” field. This is the amount you will pay upfront.

Step 6: Click Calculate

  1. Calculate: Once you have filled all the fields, click the “Calculate” button.

Step 7: View Your Results

The UAE Auto Loan Calculator will give you the following:

  • Monthly Instalment: This is your estimated monthly car loan payment to help you plan your budget.
  • Loan Amount: The total loan you need to borrow for your car purchase.
  • Interest: The total interest you will pay over the loan period.
  • Total Payable: This is the total cost of the car including loan and interest.

Bonus: Yearly Repayment Schedule with Vehicle Loan Calculator

In addition to the results, our calculator also gives you a Yearly Repayment Schedule. This table shows:

  • Year: The year of your loan repayment.
  • Principal: The part of your payment that goes towards the loan.
  • Interest Paid: The interest paid for that year.
  • Principal Paid: The amount paid towards the loan.
  • Balance: The balance at the end of each year.
  • Loan Paid (%): The percentage of the loan paid off at the end of each year.

Get Your Car

When buying a car, getting the right one for you is key. With so many options out there, you need to be smart. Here are the steps to get the right car for you:

1. Know Your Needs

Start by knowing your needs. Consider:

  • Usage: How will you use the car? Daily commute, family trips or occasional adventures?
  • Passenger Capacity: How many people do you need to carry regularly?
  • Fuel Efficiency: Do you want a fuel efficient option to save on running costs?
  • Terrain: Will you be driving mostly on city roads or do you need a car for off-road adventures?

2. Set a Budget

Knowing your limits is key. Use the UAE Car Financing Tool to calculate your monthly payments for different car prices, interest rates and loan tenures. This will help you set a realistic budget for your car purchase.

3. Vehicle Types

Research different vehicle types – sedans, SUVs, hatchbacks or hybrids. Each type has its own advantages in terms of space, fuel efficiency and handling. Think what suits your needs and lifestyle.

4. Safety Features

Safety first. Look for cars with advanced safety features like airbags, anti-lock brakes, traction control and electronic stability control. Research crash test ratings and safety tech.

5. Reliability and Resale Value

Think long term. Research the reliability of different brands and models. Also, check the resale value as some cars hold their value better than others.

6. Test Drive

Never miss the test drive. It’s the best way to feel the car on the road. Pay attention to comfort, visibility, handling and any specific features you want.

7. Fuel Efficiency

Check the car’s fuel efficiency especially if you have a long commute or plan to take road trips. A fuel efficient car can save you money in the long run.

8. Ownership Costs

Factor in ownership costs beyond the purchase price. Consider insurance, maintenance and repair costs. Some cars may have lower ongoing expenses.

"Waleed Al Shehhi" is a respected expert in UAE finance with over 13 years of experience in various finance and stock market roles. He served as a financial advisor within the UAE government for 5 years, gaining unique insights into the intersection of finance and policy. Waleed's expertise encompasses historical and cultural financial nuances in the UAE, and he's well-versed in market trends and risk management. With his extensive background, he offers valuable perspectives on gold's role as a hedge against inflation and understands global demand dynamics. His insights make him a trusted authority in UAE finance.

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