What is the car loan process for purchasing a RAM 1500 2018 SLT Quad Cab 5.7L in UAE?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and then getting approval based on your credit history and income.

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

Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when applying for a car loan for RAM 1500 2018 SLT Quad Cab 5.7L?

Consider interest rates, loan terms, your credit score, and the total cost of the vehicle including insurance and registration fees.

What is the average interest rate for a car loan in UAE?

The average interest rate for a car loan in UAE typically ranges from 3% to 5%, depending on the bank and your credit profile.

What documents are required to apply for a car loan in UAE?

You will typically need your Emirates ID, salary certificate, bank statements, and vehicle documents for the RAM 1500.

CarteaCar Loan Calculator

RAM 1500 2018 SLT Quad Cab 5.7L Car Loan Calculator in UAE

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

Monthly Payment

AED 9,368

Down Payment

AED 27,800

Total Cost

AED 140,216

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 9,368	AED 103,048
2	AED 9,368	AED 93,680
3	AED 9,368	AED 84,312
4	AED 9,368	AED 74,944
5	AED 9,368	AED 65,576
6	AED 9,368	AED 56,208
7	AED 9,368	AED 46,840
8	AED 9,368	AED 37,472
9	AED 9,368	AED 28,104
10	AED 9,368	AED 18,736
11	AED 9,368	AED 9,368
12	AED 9,368	AED 0

Monthly Payment Composition

Interest: 102

Principal: 9266

RAM 1500 2018 SLT Quad Cab 5.7L Car Loan Calculator FAQs in UAE

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation, and then getting approval based on your credit history and income.
Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider interest rates, loan terms, your credit score, and the total cost of the vehicle including insurance and registration fees.
The average interest rate for a car loan in UAE typically ranges from 3% to 5%, depending on the bank and your credit profile.
You will typically need your Emirates ID, salary certificate, bank statements, and vehicle documents for the RAM 1500.