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MG GT 2023 1.5T LUX 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 499

Down Payment

OMR 1,480

Total Cost

OMR 7,468

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 499OMR 5,489
2OMR 499OMR 4,990
3OMR 499OMR 4,491
4OMR 499OMR 3,992
5OMR 499OMR 3,493
6OMR 499OMR 2,994
7OMR 499OMR 2,495
8OMR 499OMR 1,996
9OMR 499OMR 1,497
10OMR 499OMR 998
11OMR 499OMR 499
12OMR 499OMR 0

Monthly Payment Composition

Interest: 6
Principal: 493

MG GT 2023 1.5T LUX Car Loan Calculator FAQs in Oman

In Oman, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and personal loans offered by different banks.

To apply for a car loan, you generally need to visit a bank or financial institution, fill out an application form, provide necessary documents, and meet their eligibility criteria.

Yes, taking a loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.

Consider factors such as interest rates, loan terms, monthly payments, and your financial situation before taking a car loan.

Factors such as your credit score, loan term, current economic conditions, and the bank's policies can affect the interest rates for your loan.