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MG RX8 2024 2.0T LUX (AWD) 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 771

Down Payment

OMR 2,286

Total Cost

OMR 11,538

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1OMR 771OMR 8,481
2OMR 771OMR 7,710
3OMR 771OMR 6,939
4OMR 771OMR 6,168
5OMR 771OMR 5,397
6OMR 771OMR 4,626
7OMR 771OMR 3,855
8OMR 771OMR 3,084
9OMR 771OMR 2,313
10OMR 771OMR 1,542
11OMR 771OMR 771
12OMR 771OMR 0

Monthly Payment Composition

Interest: 10
Principal: 761

MG RX8 2024 2.0T LUX (AWD) Car Loan Calculator FAQs in Oman

In Oman, you can choose from various financing options such as bank loans, dealership financing, and personal loans. Each option has different terms and interest rates.

Applying for a car loan can affect your credit score as lenders will conduct a hard inquiry. However, making timely repayments can improve your credit score over time.

Before applying, consider your budget, the total cost of the vehicle, interest rates, loan terms, and your ability to make monthly payments.

Factors that influence interest rates include your credit score, the loan amount, the term of the loan, and current market conditions.

Many banks in Oman allow early repayment of car loans without penalties, but it's essential to check the terms of your loan agreement.