HomeCar Loan Calculator

MG GT 2023 1.5L COM Car Loan Calculator in OMAN

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

Monthly Payment

OMR 465

Down Payment

OMR 1,380

Total Cost

OMR 6,960

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 465	OMR 5,115
2	OMR 465	OMR 4,650
3	OMR 465	OMR 4,185
4	OMR 465	OMR 3,720
5	OMR 465	OMR 3,255
6	OMR 465	OMR 2,790
7	OMR 465	OMR 2,325
8	OMR 465	OMR 1,860
9	OMR 465	OMR 1,395
10	OMR 465	OMR 930
11	OMR 465	OMR 465
12	OMR 465	OMR 0

Monthly Payment Composition

Interest: 5

Principal: 460

MG GT 2023 1.5L COM Car Loan Calculator FAQs in Oman

To apply for a car loan, you need to visit a bank or financial institution, submit required documents like your ID, proof of income, and the vehicle's details, and then complete the application form.

Taking a car loan can impact your credit score by showing your credit utilization and repayment history. Consistent payments can improve your score, while missed payments can harm it.

Consider the interest rate, loan term, your ability to repay, any additional fees, and the total cost of the car. It's also important to compare offers from different banks.

Yes, additional fees may include processing fees, insurance costs, and any fees for late payments. Always ask your lender for a detailed breakdown.

Factors influencing the interest rate include your credit history, the loan amount, the loan term, and the current economic environment. Lenders may also consider your income stability.