What are the loan options available for purchasing a Renault Duster 2020 2.0L SE (4x4) in UAE?

In UAE, you can consider various loan options such as bank loans, dealer financing, or personal loans specifically tailored for vehicle purchases.

How do I apply for a car loan for the Renault Duster 2020?

You can apply for a car loan online through the bank's website or visit a bank branch with the required documents such as proof of income and identity.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score as it adds to your credit history and utilization ratio, but making timely payments can improve your score.

What should I consider when taking out a loan for a Renault Duster?

Consider the interest rate, loan term, monthly payments, and any additional fees. Also, ensure that you can afford the payments without straining your budget.

What factors can influence the loan interest rate for a car in UAE?

Factors include your credit score, loan amount, loan term, current market rates, and your income level. A better credit score typically results in lower interest rates.

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Renault Duster 2020 2.0L SE (4x4) Car Loan Calculator in UAE

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

Monthly Payment

AED 4,442

Down Payment

AED 13,180

Total Cost

AED 66,484

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,442	AED 48,862
2	AED 4,442	AED 44,420
3	AED 4,442	AED 39,978
4	AED 4,442	AED 35,536
5	AED 4,442	AED 31,094
6	AED 4,442	AED 26,652
7	AED 4,442	AED 22,210
8	AED 4,442	AED 17,768
9	AED 4,442	AED 13,326
10	AED 4,442	AED 8,884
11	AED 4,442	AED 4,442
12	AED 4,442	AED 0

Monthly Payment Composition

Interest: 49

Principal: 4393

Renault Duster 2020 2.0L SE (4x4) Car Loan Calculator FAQs in UAE

In UAE, you can consider various loan options such as bank loans, dealer financing, or personal loans specifically tailored for vehicle purchases.
You can apply for a car loan online through the bank's website or visit a bank branch with the required documents such as proof of income and identity.
Yes, taking a car loan can impact your credit score as it adds to your credit history and utilization ratio, but making timely payments can improve your score.
Consider the interest rate, loan term, monthly payments, and any additional fees. Also, ensure that you can afford the payments without straining your budget.
Factors include your credit score, loan amount, loan term, current market rates, and your income level. A better credit score typically results in lower interest rates.