What is the Raize Limited car loan in Oman?

Raize Limited car loan in Oman is a financial product that allows customers to borrow money to purchase a vehicle while paying it back in installments over a specified term.

How can I apply for a Raize Limited car loan?

You can apply for a Raize Limited car loan by visiting their website or a local branch, filling out the application form, and providing required documentation such as proof of income and identification.

Will taking a car loan affect my credit score?

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

What should I consider when getting a car loan?

You should consider the interest rate, loan term, monthly payments, and your budget. Make sure you understand all terms and conditions before signing.

What factors influence loan interest rates?

Loan interest rates can be influenced by various factors including your credit score, the loan amount, the term length, and the current market conditions.

CarteaCar Loan Calculator

Raize Limited Car Loan Calculator in OMAN

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

Monthly Payment

OMR 510

Down Payment

OMR 1,513

Total Cost

OMR 7,633

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 510	OMR 5,610
2	OMR 510	OMR 5,100
3	OMR 510	OMR 4,590
4	OMR 510	OMR 4,080
5	OMR 510	OMR 3,570
6	OMR 510	OMR 3,060
7	OMR 510	OMR 2,550
8	OMR 510	OMR 2,040
9	OMR 510	OMR 1,530
10	OMR 510	OMR 1,020
11	OMR 510	OMR 510
12	OMR 510	OMR 0

Monthly Payment Composition

Interest: 6

Principal: 504

Raize Limited Car Loan Calculator FAQs in Oman

Raize Limited car loan in Oman is a financial product that allows customers to borrow money to purchase a vehicle while paying it back in installments over a specified term.
You can apply for a Raize Limited car loan by visiting their website or a local branch, filling out the application form, and providing required documentation such as proof of income and identification.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your credit score, while missed payments can lower it.
You should consider the interest rate, loan term, monthly payments, and your budget. Make sure you understand all terms and conditions before signing.
Loan interest rates can be influenced by various factors including your credit score, the loan amount, the term length, and the current market conditions.