What are the common requirements for obtaining a car loan for the Peugeot 208 2020 1.6L GT Line in Oman?

Common requirements include proof of income, a valid residency ID, credit history, and a down payment.

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

Taking a car loan can impact your credit score positively if repaid on time, but missed payments can lead to a decrease.

Interest rates typically range from 4% to 6%, depending on the bank and your credit profile.

Factors include your income, credit score, existing debts, and the car's value.

Pay attention to the interest rate, loan terms, any hidden fees, and the total cost of the loan.

CarteaCar Loan Calculator

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

OMR 435

OMR 1,290

OMR 6,510

Interest: 5

Principal: 430

Common requirements include proof of income, a valid residency ID, credit history, and a down payment.
Taking a car loan can impact your credit score positively if repaid on time, but missed payments can lead to a decrease.
Interest rates typically range from 4% to 6%, depending on the bank and your credit profile.
Factors include your income, credit score, existing debts, and the car's value.
Pay attention to the interest rate, loan terms, any hidden fees, and the total cost of the loan.