What are the common loan options available for purchasing the JAC S3 2024 1.6L Luxury in Oman?

In Oman, you can typically find options such as fixed-rate loans, variable-rate loans, and personal loans from various banks and financial institutions.

How does applying for a car loan affect my credit score?

When you apply for a car loan, it may temporarily lower your credit score due to the hard inquiry made by lenders. However, timely payments can improve your score over time.

What documents do I need to provide for a car loan application in Oman?

Typically, you will need to provide proof of income, a valid ID, residency proof, and details of the vehicle you wish to purchase.

What factors can affect the interest rate on my car loan?

Factors include your credit score, loan amount, loan term, and the bank's policies. Additionally, the type of vehicle may also play a role.

Are there any hidden fees associated with car loans in Oman?

Yes, borrowers should be aware of potential fees such as processing fees, insurance requirements, and prepayment penalties. It's important to read the loan agreement carefully.

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JAC S3 2024 1.6L Luxury Car Loan Calculator in OMAN

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

Monthly Payment

OMR 364

Down Payment

OMR 1,080

Total Cost

OMR 5,448

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 364	OMR 4,004
2	OMR 364	OMR 3,640
3	OMR 364	OMR 3,276
4	OMR 364	OMR 2,912
5	OMR 364	OMR 2,548
6	OMR 364	OMR 2,184
7	OMR 364	OMR 1,820
8	OMR 364	OMR 1,456
9	OMR 364	OMR 1,092
10	OMR 364	OMR 728
11	OMR 364	OMR 364
12	OMR 364	OMR 0

Monthly Payment Composition

Interest: 5

Principal: 359

JAC S3 2024 1.6L Luxury Car Loan Calculator FAQs in Oman

In Oman, you can typically find options such as fixed-rate loans, variable-rate loans, and personal loans from various banks and financial institutions.
When you apply for a car loan, it may temporarily lower your credit score due to the hard inquiry made by lenders. However, timely payments can improve your score over time.
Typically, you will need to provide proof of income, a valid ID, residency proof, and details of the vehicle you wish to purchase.
Factors include your credit score, loan amount, loan term, and the bank's policies. Additionally, the type of vehicle may also play a role.
Yes, borrowers should be aware of potential fees such as processing fees, insurance requirements, and prepayment penalties. It's important to read the loan agreement carefully.