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MG GT 2024 1.5L CVT COM 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 517

Down Payment

OMR 1,533

Total Cost

OMR 7,737

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 517OMR 5,687
2OMR 517OMR 5,170
3OMR 517OMR 4,653
4OMR 517OMR 4,136
5OMR 517OMR 3,619
6OMR 517OMR 3,102
7OMR 517OMR 2,585
8OMR 517OMR 2,068
9OMR 517OMR 1,551
10OMR 517OMR 1,034
11OMR 517OMR 517
12OMR 517OMR 0

Monthly Payment Composition

Interest: 7
Principal: 510

MG GT 2024 1.5L CVT COM Car Loan Calculator FAQs in Oman

The loan process typically involves submitting a loan application, providing necessary documents such as proof of income and identity, and getting the loan approved by the bank.

Yes, taking out a loan can affect your credit score as it increases your credit utilization and shows lenders how you manage debt.

Pay attention to the interest rates, loan terms, and any additional fees, as well as your repayment ability.

Factors include the central bank's interest rate, your credit score, the loan amount, and the loan term.

You will typically need your national ID, proof of income, bank statements, and possibly a credit history report.