What are the requirements for obtaining a loan for the Renault Master 2023 2.3T Panel Van in Oman?

To obtain a loan, you will typically need to provide proof of income, identification, residency documents, and details about the vehicle you want to purchase.

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

Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.

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

Consider your monthly budget, interest rates, loan tenure, and any additional fees that may apply.

What is the typical interest rate for car loans in Oman?

Interest rates for car loans in Oman can vary, but they typically range from 4% to 6% depending on the lender and your credit profile.

Can I refinance my car loan for the Renault Master 2023 in Oman?

Yes, refinancing is possible if you find a better interest rate or terms that suit your financial situation.

CarteaCar Loan Calculator

Renault Master 2023 2.3T Panel Van (L4H3) Car Loan Calculator in OMAN

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

Monthly Payment

OMR 607

Down Payment

OMR 1,800

Total Cost

OMR 9,084

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 607	OMR 6,677
2	OMR 607	OMR 6,070
3	OMR 607	OMR 5,463
4	OMR 607	OMR 4,856
5	OMR 607	OMR 4,249
6	OMR 607	OMR 3,642
7	OMR 607	OMR 3,035
8	OMR 607	OMR 2,428
9	OMR 607	OMR 1,821
10	OMR 607	OMR 1,214
11	OMR 607	OMR 607
12	OMR 607	OMR 0

Monthly Payment Composition

Interest: 7

Principal: 600

Renault Master 2023 2.3T Panel Van (L4H3) Car Loan Calculator FAQs in Oman

To obtain a loan, you will typically need to provide proof of income, identification, residency documents, and details about the vehicle you want to purchase.
Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.
Consider your monthly budget, interest rates, loan tenure, and any additional fees that may apply.
Interest rates for car loans in Oman can vary, but they typically range from 4% to 6% depending on the lender and your credit profile.
Yes, refinancing is possible if you find a better interest rate or terms that suit your financial situation.