What are the financing options available for purchasing a Renault Symbol 2020 1.6L PE in UAE?

In UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans specifically designed for vehicle purchases.

How does taking a loan for the Renault Symbol 2020 affect my credit score?

Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.

What should I consider before applying for a car loan in UAE?

Consider your monthly budget, interest rates, loan terms, and additional fees before applying for a car loan.

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

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

Are there any penalties for early repayment of the car loan?

Some lenders may charge a penalty for early repayment, while others may not. It’s important to check the terms of your loan agreement.

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Renault Symbol 2020 1.6L PE Car Loan Calculator in UAE

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

Monthly Payment

AED 2,595

Down Payment

AED 7,700

Total Cost

AED 38,840

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 2,595	AED 28,545
2	AED 2,595	AED 25,950
3	AED 2,595	AED 23,355
4	AED 2,595	AED 20,760
5	AED 2,595	AED 18,165
6	AED 2,595	AED 15,570
7	AED 2,595	AED 12,975
8	AED 2,595	AED 10,380
9	AED 2,595	AED 7,785
10	AED 2,595	AED 5,190
11	AED 2,595	AED 2,595
12	AED 2,595	AED 0

Monthly Payment Composition

Interest: 29

Principal: 2566

Renault Symbol 2020 1.6L PE Car Loan Calculator FAQs in UAE

In UAE, you can choose from various financing options including bank loans, dealership financing, and personal loans specifically designed for vehicle purchases.
Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.
Consider your monthly budget, interest rates, loan terms, and additional fees before applying for a car loan.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.
Some lenders may charge a penalty for early repayment, while others may not. It’s important to check the terms of your loan agreement.