Ford Figo 2024 1.5L Trend H/B Car Loan Calculator in OMAN

The car loan process typically involves selecting a lender, submitting an application, providing necessary documents, and getting approved based on your creditworthiness.

Yes, taking out a loan can affect your credit score. Initially, it may cause a slight drop due to the hard inquiry, but timely payments can improve your score over time.

Consider your credit score, income, loan amount, interest rates, and the duration of the loan. It’s also important to compare offers from different banks.

Interest rates for car loans in Oman usually range from 3% to 7%, depending on the bank and your credit profile.

To improve your chances, maintain a good credit score, provide a stable income proof, reduce existing debts, and save for a larger down payment.