What is the car loan process for a Nissan X-Trail 2018 2.5 SV 4WD (7-Seater) in Oman?

The car loan process involves selecting the vehicle, applying for a loan with a bank, providing necessary documentation, and then the bank will evaluate your application before approving the loan.

Will taking a car loan affect my credit score in Oman?

Yes, taking a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.

What factors should I consider when applying for a car loan?

Consider your credit score, loan interest rates, repayment terms, and your current financial situation before applying for a car loan.

What are the common requirements for getting a car loan in Oman?

Common requirements include proof of income, identification documents, a good credit history, and sometimes a down payment.

What influences the interest rate on my car loan?

The interest rate on your car loan can be influenced by your credit score, the bank's policies, the loan amount, and the term of the loan.

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Nissan X-Trail 2018 2.5 SV 4WD (7-Seater) Car Loan Calculator in OMAN

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

Monthly Payment

OMR 553

Down Payment

OMR 1,640

Total Cost

OMR 8,276

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 553	OMR 6,083
2	OMR 553	OMR 5,530
3	OMR 553	OMR 4,977
4	OMR 553	OMR 4,424
5	OMR 553	OMR 3,871
6	OMR 553	OMR 3,318
7	OMR 553	OMR 2,765
8	OMR 553	OMR 2,212
9	OMR 553	OMR 1,659
10	OMR 553	OMR 1,106
11	OMR 553	OMR 553
12	OMR 553	OMR 0

Monthly Payment Composition

Interest: 7

Principal: 546

Nissan X-Trail 2018 2.5 SV 4WD (7-Seater) Car Loan Calculator FAQs in Oman

The car loan process involves selecting the vehicle, applying for a loan with a bank, providing necessary documentation, and then the bank will evaluate your application before approving the loan.
Yes, taking a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.
Consider your credit score, loan interest rates, repayment terms, and your current financial situation before applying for a car loan.
Common requirements include proof of income, identification documents, a good credit history, and sometimes a down payment.
The interest rate on your car loan can be influenced by your credit score, the bank's policies, the loan amount, and the term of the loan.