What are the typical car loan terms for financing a Renault Symbol 2018 1.6L SE in the UAE?

Typical car loan terms in the UAE range from 1 to 5 years, with interest rates between 3% to 5% depending on the bank and the applicant's credit profile.

How can I apply for a car loan for a Renault Symbol in the UAE?

You can apply for a car loan through banks or financial institutions in the UAE by providing necessary documents such as your ID, salary certificates, and the vehicle's purchase agreement.

Will taking out a car loan affect my credit score in the UAE?

Yes, taking out a car loan will impact your credit score, as it adds to your credit obligations. Ensure timely payments to maintain a good credit score.

What factors should I consider when taking a car loan in the UAE?

Consider factors such as the interest rate, loan tenure, your monthly budget, and any additional fees that may be associated with the loan.

What are the factors that can affect the loan approval rate in the UAE?

Factors include your income level, employment stability, existing debts, credit history, and the loan amount relative to the vehicle's value.

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Renault Symbol 2018 1.6L SE Car Loan Calculator in UAE

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

Monthly Payment

AED 2,999

Down Payment

AED 8,900

Total Cost

AED 44,888

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 2,999	AED 32,989
2	AED 2,999	AED 29,990
3	AED 2,999	AED 26,991
4	AED 2,999	AED 23,992
5	AED 2,999	AED 20,993
6	AED 2,999	AED 17,994
7	AED 2,999	AED 14,995
8	AED 2,999	AED 11,996
9	AED 2,999	AED 8,997
10	AED 2,999	AED 5,998
11	AED 2,999	AED 2,999
12	AED 2,999	AED 0

Monthly Payment Composition

Interest: 33

Principal: 2966

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

Typical car loan terms in the UAE range from 1 to 5 years, with interest rates between 3% to 5% depending on the bank and the applicant's credit profile.
You can apply for a car loan through banks or financial institutions in the UAE by providing necessary documents such as your ID, salary certificates, and the vehicle's purchase agreement.
Yes, taking out a car loan will impact your credit score, as it adds to your credit obligations. Ensure timely payments to maintain a good credit score.
Consider factors such as the interest rate, loan tenure, your monthly budget, and any additional fees that may be associated with the loan.
Factors include your income level, employment stability, existing debts, credit history, and the loan amount relative to the vehicle's value.