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Renault Megane 2022 1.6L PE 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 3,673

Down Payment

AED 10,900

Total Cost

AED 54,976

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 3,673AED 40,403
2AED 3,673AED 36,730
3AED 3,673AED 33,057
4AED 3,673AED 29,384
5AED 3,673AED 25,711
6AED 3,673AED 22,038
7AED 3,673AED 18,365
8AED 3,673AED 14,692
9AED 3,673AED 11,019
10AED 3,673AED 7,346
11AED 3,673AED 3,673
12AED 3,673AED 0

Monthly Payment Composition

Interest: 40
Principal: 3633

Renault Megane 2022 1.6L PE Car Loan Calculator FAQs in UAE

  • In UAE, you can typically choose from various financing options such as bank loans, dealership financing, or personal loans specifically tailored for vehicle purchases.
  • To apply for a car loan, you need to provide necessary documents such as identification, income proof, and details about the vehicle. Then, you can approach banks or financial institutions to start the application process.
  • Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it. Make sure to manage your payments responsibly.
  • Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the lender's policies. A higher credit score generally leads to lower interest rates.
  • Before getting a car loan, consider your budget, the total cost of the loan including interest, your ability to make monthly payments, and the long-term financial commitment involved.