What are the requirements for obtaining a car loan for a RAM 1500 2019 3.6L Classic ST (Crew Cab) 4x4 in UAE?

To obtain a car loan for a RAM 1500 in the UAE, you typically need to provide proof of income, a valid Emirates ID, a copy of your passport, residence visa, and sometimes a bank statement. Additionally, some banks may require a down payment.

How does taking a car loan affect my credit score in the UAE?

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score. It's important to manage your loan responsibly.

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

When applying for a car loan, consider the interest rate, loan term, total cost of the loan, your monthly repayment capacity, and any additional fees such as processing fees or insurance.

What is the typical loan tenure for a car loan in the UAE?

The typical loan tenure for a car loan in the UAE ranges from 1 to 5 years. You can choose a tenure that suits your financial situation, keeping in mind that longer tenures may result in higher interest costs.

What can influence the interest rate on my car loan in the UAE?

Factors that can influence the interest rate on your car loan include your credit score, the amount of the loan, the loan tenure, and the lender’s policies. Better credit scores generally lead to lower interest rates.

CarteaCar Loan Calculator

RAM 1500 2019 3.6L Classic ST (Crew Cab) "4x4" Car Loan Calculator in UAE

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

Monthly Payment

AED 6,733

Down Payment

AED 19,980

Total Cost

AED 100,776

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,733	AED 74,063
2	AED 6,733	AED 67,330
3	AED 6,733	AED 60,597
4	AED 6,733	AED 53,864
5	AED 6,733	AED 47,131
6	AED 6,733	AED 40,398
7	AED 6,733	AED 33,665
8	AED 6,733	AED 26,932
9	AED 6,733	AED 20,199
10	AED 6,733	AED 13,466
11	AED 6,733	AED 6,733
12	AED 6,733	AED 0

Monthly Payment Composition

Interest: 73

Principal: 6660

RAM 1500 2019 3.6L Classic ST (Crew Cab) "4x4" Car Loan Calculator FAQs in UAE

To obtain a car loan for a RAM 1500 in the UAE, you typically need to provide proof of income, a valid Emirates ID, a copy of your passport, residence visa, and sometimes a bank statement. Additionally, some banks may require a down payment.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score. It's important to manage your loan responsibly.
When applying for a car loan, consider the interest rate, loan term, total cost of the loan, your monthly repayment capacity, and any additional fees such as processing fees or insurance.
The typical loan tenure for a car loan in the UAE ranges from 1 to 5 years. You can choose a tenure that suits your financial situation, keeping in mind that longer tenures may result in higher interest costs.
Factors that can influence the interest rate on your car loan include your credit score, the amount of the loan, the loan tenure, and the lender’s policies. Better credit scores generally lead to lower interest rates.