What are the loan options available for purchasing a Peugeot 508 2019 1.6T Access in Oman?

In Oman, you can typically choose from various loan options such as personal loans, auto loans, or financing through the dealership. Banks like Bank Muscat and Oman Arab Bank offer specific auto loans for vehicle purchases.

How do I apply for a car loan for the Peugeot 508 2019?

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

Does taking a car loan affect my credit score?

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

What should I consider before taking a car loan?

Before taking a car loan, consider the total cost of the loan, interest rates, your monthly budget, loan terms, and whether you can afford the monthly payments.

What factors influence loan interest rates in Oman?

Factors that influence loan interest rates in Oman include the central bank's policy, inflation rates, the borrower's credit score, and the general economic conditions.

CarteaCar Loan Calculator

Peugeot 508 2019 1.6T Access Car Loan Calculator in OMAN

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

Monthly Payment

OMR 843

Down Payment

OMR 2,500

Total Cost

OMR 12,616

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 843	OMR 9,273
2	OMR 843	OMR 8,430
3	OMR 843	OMR 7,587
4	OMR 843	OMR 6,744
5	OMR 843	OMR 5,901
6	OMR 843	OMR 5,058
7	OMR 843	OMR 4,215
8	OMR 843	OMR 3,372
9	OMR 843	OMR 2,529
10	OMR 843	OMR 1,686
11	OMR 843	OMR 843
12	OMR 843	OMR 0

Monthly Payment Composition

Interest: 10

Principal: 833

Peugeot 508 2019 1.6T Access Car Loan Calculator FAQs in Oman

In Oman, you can typically choose from various loan options such as personal loans, auto loans, or financing through the dealership. Banks like Bank Muscat and Oman Arab Bank offer specific auto loans for vehicle purchases.
To apply for a car loan, you will need to visit a bank or financial institution, fill out an application form, provide necessary documents such as ID, proof of income, and details of the vehicle you wish to purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Before taking a car loan, consider the total cost of the loan, interest rates, your monthly budget, loan terms, and whether you can afford the monthly payments.
Factors that influence loan interest rates in Oman include the central bank's policy, inflation rates, the borrower's credit score, and the general economic conditions.