What are the requirements to apply for a car loan for a Renault Megane 2020 1.6L SE in Oman?

To apply for a car loan, you typically need to provide proof of income, a valid ID, residency proof, and details of the car you wish to purchase.

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

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

Interest rates for car loans in Oman usually range from 3% to 6%, depending on the bank and your credit history.

The loan amount can be influenced by your income, credit score, the car's value, and the loan term you choose.

Yes, there may be processing fees, insurance costs, or early repayment penalties, so it's important to read the loan agreement carefully.

CarteaCar Loan Calculator

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

OMR 439

OMR 1,300

OMR 6,568

Interest: 6

Principal: 433

To apply for a car loan, you typically need to provide proof of income, a valid ID, residency proof, and details of the car you wish to purchase.
Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can have a negative impact.
Interest rates for car loans in Oman usually range from 3% to 6%, depending on the bank and your credit history.
The loan amount can be influenced by your income, credit score, the car's value, and the loan term you choose.
Yes, there may be processing fees, insurance costs, or early repayment penalties, so it's important to read the loan agreement carefully.