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Renault Megane 2022 1.6L LE+ Car Loan Calculator in UAE

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

select car *

car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 4,920

Down Payment

AED 14,600

Total Cost

AED 73,640

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 4,920AED 54,120
2AED 4,920AED 49,200
3AED 4,920AED 44,280
4AED 4,920AED 39,360
5AED 4,920AED 34,440
6AED 4,920AED 29,520
7AED 4,920AED 24,600
8AED 4,920AED 19,680
9AED 4,920AED 14,760
10AED 4,920AED 9,840
11AED 4,920AED 4,920
12AED 4,920AED 0

Monthly Payment Composition

Interest: 54
Principal: 4866

Renault Megane 2022 1.6L LE+ Car Loan Calculator FAQs in UAE

  • In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. It's important to compare interest rates and terms before making a decision.
  • Taking a loan can affect your credit score positively if you make timely payments. However, if you miss payments, it could negatively impact your score.
  • Typically, you will need to provide proof of identity, proof of income, bank statements, and details about the car you wish to purchase.
  • Be aware of the loan tenure, interest rates, and any additional fees. It’s also important to understand the total cost of the loan over its term.
  • Factors include your credit score, the loan amount, the loan tenure, and current market conditions. A higher credit score may qualify you for a lower interest rate.