What are the loan options available for financing a Renault Symbol 2018 1.6L LE in the UAE?

In the UAE, you can choose from various banks and financial institutions that offer car loans. Common options include fixed-rate loans, variable-rate loans, and balloon payment loans.

How does taking a loan for the Renault Symbol 2018 impact my credit score?

Taking out a loan can impact your credit score positively if you make timely repayments. However, missing payments can negatively affect your score.

What documents are needed to apply for a car loan for the Renault Symbol 2018?

Typically, you will need to provide proof of income, Emirates ID, residency visa, and a bank statement along with the vehicle's details.

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

Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

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

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

CarteaCar Loan Calculator

Renault Symbol 2018 1.6L LE Car Loan Calculator in UAE

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

Monthly Payment

AED 3,067

Down Payment

AED 9,100

Total Cost

AED 45,904

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 3,067	AED 33,737
2	AED 3,067	AED 30,670
3	AED 3,067	AED 27,603
4	AED 3,067	AED 24,536
5	AED 3,067	AED 21,469
6	AED 3,067	AED 18,402
7	AED 3,067	AED 15,335
8	AED 3,067	AED 12,268
9	AED 3,067	AED 9,201
10	AED 3,067	AED 6,134
11	AED 3,067	AED 3,067
12	AED 3,067	AED 0

Monthly Payment Composition

Interest: 34

Principal: 3033

Renault Symbol 2018 1.6L LE Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various banks and financial institutions that offer car loans. Common options include fixed-rate loans, variable-rate loans, and balloon payment loans.
Taking out a loan can impact your credit score positively if you make timely repayments. However, missing payments can negatively affect your score.
Typically, you will need to provide proof of income, Emirates ID, residency visa, and a bank statement along with the vehicle's details.
Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, some banks may charge processing fees, early repayment fees, or insurance costs, so it's important to read the loan agreement carefully.