What are the requirements for obtaining a car loan for a Nissan Sunny 2018 1.5L SV in Oman?

Typically, you will need to provide proof of income, a valid ID, and sometimes a down payment. Additionally, the bank may require a credit history check.

How does taking out a car loan affect my credit score in Oman?

Taking out a car loan can positively or negatively affect your credit score depending on your repayment behavior. Timely payments can improve your score, while missed payments can harm it.

What factors can affect the interest rate on my Nissan Sunny 2018 loan?

Factors include your credit score, loan term, the bank's policies, and current market rates. A higher credit score often results in a lower interest rate.

What should I consider before applying for a car loan in Oman?

Consider your budget, the total loan amount, interest rates, and the repayment period. Ensure that you can comfortably afford the monthly payments.

Can I refinance my Nissan Sunny 2018 loan in Oman?

Yes, refinancing is possible if you meet the bank's criteria and it may help you secure a lower interest rate or better loan terms.

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Nissan Sunny 2018 1.5L SV Car Loan Calculator in OMAN

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

Monthly Payment

OMR 324

Down Payment

OMR 960

Total Cost

OMR 4,848

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 324	OMR 3,564
2	OMR 324	OMR 3,240
3	OMR 324	OMR 2,916
4	OMR 324	OMR 2,592
5	OMR 324	OMR 2,268
6	OMR 324	OMR 1,944
7	OMR 324	OMR 1,620
8	OMR 324	OMR 1,296
9	OMR 324	OMR 972
10	OMR 324	OMR 648
11	OMR 324	OMR 324
12	OMR 324	OMR 0

Monthly Payment Composition

Interest: 4

Principal: 320

Nissan Sunny 2018 1.5L SV Car Loan Calculator FAQs in Oman

Typically, you will need to provide proof of income, a valid ID, and sometimes a down payment. Additionally, the bank may require a credit history check.
Taking out a car loan can positively or negatively affect your credit score depending on your repayment behavior. Timely payments can improve your score, while missed payments can harm it.
Factors include your credit score, loan term, the bank's policies, and current market rates. A higher credit score often results in a lower interest rate.
Consider your budget, the total loan amount, interest rates, and the repayment period. Ensure that you can comfortably afford the monthly payments.
Yes, refinancing is possible if you meet the bank's criteria and it may help you secure a lower interest rate or better loan terms.