What is the car loan process for purchasing a RAM 1500 2019 5.7L Limited (Double Cab) in UAE?

The car loan process generally involves selecting your vehicle, applying for a loan with a bank or finance company, providing necessary documents, and waiting for approval before finalizing the purchase.

Will taking a loan for the RAM 1500 2019 affect my credit score in UAE?

Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.

What factors should I consider when applying for a car loan for the RAM 1500 2019?

Consider the loan interest rate, loan term, monthly payments, down payment amount, and your overall financial situation.

How does the exchange rate affect my car loan for the RAM 1500 2019 in UAE?

If your loan is in a foreign currency, fluctuations in the exchange rate can affect the total amount you owe and your monthly payments.

Are there any specific documents required for a car loan application in UAE?

Yes, typically you will need to provide your Emirates ID, proof of income, bank statements, and details about the vehicle.

CarteaCar Loan Calculator

RAM 1500 2019 5.7L Limited (Double Cab) 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 5.7L Limited (Double Cab) Car Loan Calculator FAQs in UAE

The car loan process generally involves selecting your vehicle, applying for a loan with a bank or finance company, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
Consider the loan interest rate, loan term, monthly payments, down payment amount, and your overall financial situation.
If your loan is in a foreign currency, fluctuations in the exchange rate can affect the total amount you owe and your monthly payments.
Yes, typically you will need to provide your Emirates ID, proof of income, bank statements, and details about the vehicle.