What are the financing options available for purchasing a Renault Koleos 2018 2.5L SE (4WD) in UAE?

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing a Renault Koleos 2018. Each option has varying interest rates and terms.

How does taking a car loan affect my credit score in UAE?

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

What documents do I need to apply for a car loan for a Renault Koleos 2018 in UAE?

Typically, you will need your Emirates ID, proof of income (such as salary slips), bank statements, and sometimes a credit report to apply for a car loan.

What should I be aware of when applying for a car loan in UAE?

You should be aware of the interest rates, loan tenure, any additional fees, and the total cost of the loan over time. It's also important to compare offers from different banks.

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

Factors that can influence interest rates include your credit score, the loan amount, the loan tenure, and the bank's current lending policies.

CarteaCar Loan Calculator

Renault Koleos 2018 2.5L SE (4WD) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,665

Down Payment

AED 19,780

Total Cost

AED 99,760

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,665	AED 73,315
2	AED 6,665	AED 66,650
3	AED 6,665	AED 59,985
4	AED 6,665	AED 53,320
5	AED 6,665	AED 46,655
6	AED 6,665	AED 39,990
7	AED 6,665	AED 33,325
8	AED 6,665	AED 26,660
9	AED 6,665	AED 19,995
10	AED 6,665	AED 13,330
11	AED 6,665	AED 6,665
12	AED 6,665	AED 0

Monthly Payment Composition

Interest: 72

Principal: 6593

Renault Koleos 2018 2.5L SE (4WD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose between bank loans, dealership financing, and personal loans for purchasing a Renault Koleos 2018. Each option has varying interest rates and terms.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit rating.
Typically, you will need your Emirates ID, proof of income (such as salary slips), bank statements, and sometimes a credit report to apply for a car loan.
You should be aware of the interest rates, loan tenure, any additional fees, and the total cost of the loan over time. It's also important to compare offers from different banks.
Factors that can influence interest rates include your credit score, the loan amount, the loan tenure, and the bank's current lending policies.