What is the loan process for purchasing a Renault Megane 2018 2.0L PE in UAE?

The loan process typically involves applying through a bank or financial institution, providing required documents, and getting the loan approved based on your creditworthiness.

Will taking a loan for the Renault Megane 2018 affect my credit score?

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

What should I consider before applying for a car loan in UAE?

Consider your financial situation, interest rates, loan term, and total cost of the loan before applying.

What factors can affect the interest rate on my car loan?

Factors include your credit score, loan amount, loan term, and current market conditions.

Are there any specific documents required for a car loan application in UAE?

Yes, typically you will need identification, proof of income, bank statements, and vehicle details.

CarteaCar Loan Calculator

Renault Megane 2018 2.0L PE Car Loan Calculator in UAE

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

Monthly Payment

AED 4,293

Down Payment

AED 12,740

Total Cost

AED 64,256

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 4,293	AED 47,223
2	AED 4,293	AED 42,930
3	AED 4,293	AED 38,637
4	AED 4,293	AED 34,344
5	AED 4,293	AED 30,051
6	AED 4,293	AED 25,758
7	AED 4,293	AED 21,465
8	AED 4,293	AED 17,172
9	AED 4,293	AED 12,879
10	AED 4,293	AED 8,586
11	AED 4,293	AED 4,293
12	AED 4,293	AED 0

Monthly Payment Composition

Interest: 47

Principal: 4246

Renault Megane 2018 2.0L PE Car Loan Calculator FAQs in UAE

The loan process typically involves applying through a bank or financial institution, providing required documents, and getting the loan approved based on your creditworthiness.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider your financial situation, interest rates, loan term, and total cost of the loan before applying.
Factors include your credit score, loan amount, loan term, and current market conditions.
Yes, typically you will need identification, proof of income, bank statements, and vehicle details.