What are the loan options available for purchasing the Renault Master 2021 2.3T Panel Van (L4H3) in UAE?

In UAE, you can explore various loan options such as personal loans, auto loans, and financing through the dealership. It's advisable to compare interest rates and terms from different banks.

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

Taking a car loan in UAE can impact your credit score positively if you make timely payments. However, missing payments can lower your score.

What documents do I need to apply for a car loan for Renault Master 2021 in UAE?

To apply for a car loan, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you intend to purchase.

What factors can affect the interest rate on a car loan in UAE?

Factors affecting the interest rate include your credit score, the loan amount, the duration of the loan, and the bank's policies.

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

Yes, some banks may charge processing fees, early repayment fees, or insurance fees. It's important to read the loan agreement carefully.

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Renault Master 2021 2.3T Panel Van (L4H3) 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 2021 2.3T Panel Van (L4H3) Car Loan Calculator FAQs in UAE

In UAE, you can explore various loan options such as personal loans, auto loans, and financing through the dealership. It's advisable to compare interest rates and terms from different banks.
Taking a car loan in UAE can impact your credit score positively if you make timely payments. However, missing payments can lower your score.
To apply for a car loan, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you intend to purchase.
Factors affecting the interest rate include your credit score, the loan amount, the duration of the loan, and the bank's policies.
Yes, some banks may charge processing fees, early repayment fees, or insurance fees. It's important to read the loan agreement carefully.