What financing options are available for purchasing the Renault Master 2020 2.3T Panel Van (L2H2) in UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans with competitive interest rates.

Does taking a loan for the Renault Master 2020 affect my credit score?

Yes, taking a loan can impact your credit score. Timely repayments can improve your score, while missed payments can negatively affect it.

What documents do I need to provide when applying for a car loan for the Renault Master 2020?

Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.

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

Interest rates can be influenced by your credit score, the loan amount, the loan tenure, and the lender's policies.

Are there any hidden fees associated with car loans in UAE?

Yes, some lenders may charge processing fees, early repayment penalties, or insurance fees, so it is important to read the fine print.

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Renault Master 2020 2.3T Panel Van (L2H2) Car Loan Calculator in UAE

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

Monthly Payment

AED 6,133

Down Payment

AED 18,200

Total Cost

AED 91,796

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,133	AED 67,463
2	AED 6,133	AED 61,330
3	AED 6,133	AED 55,197
4	AED 6,133	AED 49,064
5	AED 6,133	AED 42,931
6	AED 6,133	AED 36,798
7	AED 6,133	AED 30,665
8	AED 6,133	AED 24,532
9	AED 6,133	AED 18,399
10	AED 6,133	AED 12,266
11	AED 6,133	AED 6,133
12	AED 6,133	AED 0

Monthly Payment Composition

Interest: 67

Principal: 6066

Renault Master 2020 2.3T Panel Van (L2H2) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, and personal loans with competitive interest rates.
Yes, taking a loan can impact your credit score. Timely repayments can improve your score, while missed payments can negatively affect it.
Typically, you will need to provide your Emirates ID, salary certificate, bank statements, and proof of residence.
Interest rates can be influenced by your credit score, the loan amount, the loan tenure, and the lender's policies.
Yes, some lenders may charge processing fees, early repayment penalties, or insurance fees, so it is important to read the fine print.