2021 Renault Arkana

Representative example

Price

ISK 2,990,000

Down payment

ISK 598,000

Loan

ISK 2,392,000 (80% of the price)

Term

7 years

Interest rate

11.65% variable

Monthly payment

ISK 42,174 including the payment fee

Arrangement fee

3.20% (ISK 76,544)

Credit assessment

ISK 7,000

Payment fee

ISK 395 with every payment

Total amount payable

ISK 3,626,160

Total cost of credit

ISK 1,234,160

Annual percentage rate (APR)

14.0%

• Lenders require third-party and comprehensive insurance; its premium is not in the APR.
• The state registration fee, ISK 1,500, is not included.
• Rate and fees from a lender's price list valid from Aug 20, 2026; other lenders' terms may differ.
• We do not lend money or arrange loans; the lender sets the terms.