

Renault Symbol 2018 1.6L PE Car Loan Calculator in UAE
To finance this car, you can first calculate the installment price in UAE
Calculation Of Loans
Total Car PriceAED 38,000
Down PaymentAED 7,600
- Monthly PaymentAED 2,561
- Total CostAED 38,332
- Loan Period12 Month
Car Loan Monthly Installments Schedule
| Payment Schedule | Monthly Payment | Remaining Amount |
|---|---|---|
| 1 | AED 2,561 | AED 28,171 |
| 2 | AED 2,561 | AED 25,610 |
| 3 | AED 2,561 | AED 23,049 |
| 4 | AED 2,561 | AED 20,488 |
| 5 | AED 2,561 | AED 17,927 |
| 6 | AED 2,561 | AED 15,366 |
| 7 | AED 2,561 | AED 12,805 |
| 8 | AED 2,561 | AED 10,244 |
| 9 | AED 2,561 | AED 7,683 |
| 10 | AED 2,561 | AED 5,122 |
| 11 | AED 2,561 | AED 2,561 |
| 12 | AED 2,561 | AED 0 |
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Renault Symbol 2018 1.6L PE Car Loan Calculator FAQs in UAE
- To obtain a car loan for a Renault Symbol 2018 1.6L PE in UAE, you need to provide the necessary documents such as identification, proof of income, residence proof, and details about the vehicle. Then, you will need to apply through a bank or financial institution that offers auto loans.
- Yes, applying for a car loan may impact your credit score. When you apply, the lender will perform a hard inquiry on your credit report which can temporarily lower your score. However, if you make timely payments, it can improve your score over time.
- You should consider the interest rate, loan term, monthly payments, and any additional fees. Additionally, evaluate the total cost of the loan over its duration and check if the lender offers any special promotions.
- The average interest rate for car loans in UAE can range from 3% to 5% depending on the bank and the borrower's credit profile. It's essential to compare rates from different lenders to find the best deal.
- The loan-to-value (LTV) ratio is the amount of the loan compared to the value of the car. A lower LTV ratio may lead to better interest rates and loan terms, while a higher ratio might result in higher rates and additional requirements.
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