What are the requirements to apply for a car loan for the Megane 1.6L PE in UAE?

To apply for a car loan in the UAE for the Megane 1.6L PE, you typically need to provide proof of income, a valid UAE residence visa, and a good credit score.

How does taking a car loan affect my credit score?

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.

What factors can influence the interest rate on my car loan?

Factors that can influence the interest rate on your car loan include your credit score, loan term, and the lender's policies.

What is the typical loan term for financing a Megane 1.6L PE?

The typical loan term for financing a Megane 1.6L PE in the UAE ranges from 24 to 60 months.

Are there any additional fees I should be aware of when taking a car loan?

Yes, be aware of potential additional fees such as processing fees, insurance costs, and early repayment penalties.

CarteaCar Loan Calculator

Megane 1.6L PE Car Loan Calculator in UAE

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

Monthly Payment

AED 4,920

Down Payment

AED 14,600

Total Cost

AED 73,640

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,920	AED 54,120
2	AED 4,920	AED 49,200
3	AED 4,920	AED 44,280
4	AED 4,920	AED 39,360
5	AED 4,920	AED 34,440
6	AED 4,920	AED 29,520
7	AED 4,920	AED 24,600
8	AED 4,920	AED 19,680
9	AED 4,920	AED 14,760
10	AED 4,920	AED 9,840
11	AED 4,920	AED 4,920
12	AED 4,920	AED 0

Monthly Payment Composition

Interest: 54

Principal: 4866

Megane 1.6L PE Car Loan Calculator FAQs in UAE

To apply for a car loan in the UAE for the Megane 1.6L PE, you typically need to provide proof of income, a valid UAE residence visa, and a good credit score.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.
Factors that can influence the interest rate on your car loan include your credit score, loan term, and the lender's policies.
The typical loan term for financing a Megane 1.6L PE in the UAE ranges from 24 to 60 months.
Yes, be aware of potential additional fees such as processing fees, insurance costs, and early repayment penalties.