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MG RX8 2023 2.0T LUX (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 802

Down Payment

OMR 2,380

Total Cost

OMR 12,004

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 802OMR 8,822
2OMR 802OMR 8,020
3OMR 802OMR 7,218
4OMR 802OMR 6,416
5OMR 802OMR 5,614
6OMR 802OMR 4,812
7OMR 802OMR 4,010
8OMR 802OMR 3,208
9OMR 802OMR 2,406
10OMR 802OMR 1,604
11OMR 802OMR 802
12OMR 802OMR 0

Monthly Payment Composition

Interest: 9
Principal: 793

MG RX8 2023 2.0T LUX (AWD) Car Loan Calculator FAQs in Oman

In Oman, you can choose from various financing options, including bank loans, dealership financing, and personal loans tailored for vehicle purchases.

To apply for a car loan, you typically need to visit a bank or financial institution, provide necessary documents such as ID, proof of income, and vehicle details, and fill out an application form.

Yes, taking a car loan can affect your credit score. Timely repayments may improve your score, while missed payments can negatively impact it.

Before taking a car loan, consider the total cost of the vehicle, interest rates, your monthly budget for repayments, and the loan term.

Factors affecting the interest rate include your credit score, loan amount, repayment term, and the lender's policies.