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MG HS 2023 2.0T Luxury (AWD) Car Loan Calculator in OMAN

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

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car price (OMR)*

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

Monthly Payment

OMR 668

Down Payment

OMR 1,980

Total Cost

OMR 9,996

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 668OMR 7,348
2OMR 668OMR 6,680
3OMR 668OMR 6,012
4OMR 668OMR 5,344
5OMR 668OMR 4,676
6OMR 668OMR 4,008
7OMR 668OMR 3,340
8OMR 668OMR 2,672
9OMR 668OMR 2,004
10OMR 668OMR 1,336
11OMR 668OMR 668
12OMR 668OMR 0

Monthly Payment Composition

Interest: 8
Principal: 660

MG HS 2023 2.0T Luxury (AWD) Car Loan Calculator FAQs in Oman

In Oman, you can typically choose from various loan options including traditional bank loans, Islamic financing, and dealership financing for the MG HS 2023 2.0T Luxury (AWD). Each option may have different terms and interest rates.

To apply for a car loan in Oman, you will need to gather necessary documents such as your ID, proof of income, and details of the vehicle. Then, you can approach your chosen bank or financing institution to submit your application.

Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments might lower it. It’s important to manage your loan responsibly.

When taking a car loan, be aware of the interest rates, repayment terms, any additional fees, and the total cost of the loan over time. Also, consider how the loan fits into your budget.

Factors that can affect the interest rate include your credit score, the length of the loan term, the amount of the down payment, and current market conditions. Banks may also have specific criteria for evaluating loans.