What are the main requirements for obtaining a car loan for the City Sport 2024 in Oman?

The main requirements typically include proof of income, a valid Omani ID, a driving license, and a good credit score.

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

Taking a car loan can affect your credit score positively if you make timely payments; however, missing payments can negatively impact your score.

Typical interest rates for car loans in Oman range from 4% to 7%, depending on the bank and the borrower's credit profile.

Factors include your income, credit score, existing debts, and the value of the vehicle to be financed.

It depends on the terms offered; banks may offer lower interest rates, while dealerships might provide promotional rates or incentives.

CarteaCar Loan Calculator

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

OMR 537

OMR 1,592

OMR 8,036

Interest: 7

Principal: 530

The main requirements typically include proof of income, a valid Omani ID, a driving license, and a good credit score.
Taking a car loan can affect your credit score positively if you make timely payments; however, missing payments can negatively impact your score.
Typical interest rates for car loans in Oman range from 4% to 7%, depending on the bank and the borrower's credit profile.
Factors include your income, credit score, existing debts, and the value of the vehicle to be financed.
It depends on the terms offered; banks may offer lower interest rates, while dealerships might provide promotional rates or incentives.