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Hyundai Accent 2020 1.4L GL Car Loan Calculator in OMAN

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

select car *

car price (OMR)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

OMR 356

Down Payment

OMR 1,056

Total Cost

OMR 5,328

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 356OMR 3,916
2OMR 356OMR 3,560
3OMR 356OMR 3,204
4OMR 356OMR 2,848
5OMR 356OMR 2,492
6OMR 356OMR 2,136
7OMR 356OMR 1,780
8OMR 356OMR 1,424
9OMR 356OMR 1,068
10OMR 356OMR 712
11OMR 356OMR 356
12OMR 356OMR 0

Monthly Payment Composition

Interest: 4
Principal: 352

Hyundai Accent 2020 1.4L GL Car Loan Calculator FAQs in Oman

  • In Oman, you can choose from various banks that offer car loans, including fixed-rate loans, variable-rate loans, and personal loans tailored for vehicle purchases. It is advisable to compare the terms and conditions from different banks.
  • To apply for a car loan, you typically need to visit the bank of your choice, provide necessary documentation such as proof of income, identification, and details of the vehicle. Many banks also offer online applications.
  • Yes, taking a car loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments may lower it. It’s important to manage your loan responsibly.
  • Consider the interest rates, loan duration, monthly payments, and any additional fees associated with the loan. Also, check if there are penalties for early repayment.
  • Factors that can influence car loan interest rates include your credit score, the loan amount, the loan term, and the current economic conditions. Banks may offer better rates based on your financial profile.