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Megane 1.6L SE 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 5,055

Down Payment

AED 15,000

Total Cost

AED 75,660

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 5,055AED 55,605
2AED 5,055AED 50,550
3AED 5,055AED 45,495
4AED 5,055AED 40,440
5AED 5,055AED 35,385
6AED 5,055AED 30,330
7AED 5,055AED 25,275
8AED 5,055AED 20,220
9AED 5,055AED 15,165
10AED 5,055AED 10,110
11AED 5,055AED 5,055
12AED 5,055AED 0

Monthly Payment Composition

Interest: 55
Principal: 5000

Megane 1.6L SE Car Loan Calculator FAQs in UAE

You will typically need to provide proof of income, residency, and a valid UAE ID or passport. Additionally, a good credit score is usually required.

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

Interest rates can be influenced by your credit score, the bank's policies, inflation rates, and the overall economic conditions in the UAE.

Typically, loan terms for car financing range from 1 to 5 years, depending on the lender's policies and your financial situation.

Yes, you should consider processing fees, insurance costs, and any early repayment penalties when taking out a car loan.