UAE car finance calculator
Buying a new car is super exciting. However, if you’re taking out a loan to make the purchase, searching for the best finance option can really take the edge off the excitement.
It’s really important you know exactly how much your monthly payments are going to be on any loan you take and our nifty little car finance calculator can work that all out for you, in seconds.
Once you’ve finished using the calculator, make sure you compare all the car loans available to ensure you get the best deal for you.
Car finance in 3 steps
Your Equated Monthly Installment (EMI) Is
** Calculator Definitions
- Amount: The total amount of money borrowed, also referred to as the principal amount.
- Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
- Years: This is the original term or length of the product, stated in years.
- Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
- Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
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