What is the car loan process for purchasing a Rolls Royce Phantom 2018 in Oman?

The car loan process involves selecting a bank, submitting an application, providing necessary documents, and awaiting approval. Once approved, you will receive the loan amount to purchase the vehicle.

Will taking a car loan affect my credit score in Oman?

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

What should I consider when applying for a car loan for a Rolls Royce Phantom?

Consider your monthly budget, interest rates, loan terms, and the total cost of ownership, including insurance and maintenance.

What factors can influence the interest rate for my car loan in Oman?

Factors include your credit score, loan amount, loan term, and the bank's current interest rate policies.

What documents are required to apply for a car loan in Oman?

Typically, you will need proof of identity, proof of income, bank statements, and details about the vehicle you intend to purchase.

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Rolls Royce Phantom 2018 6.75L Extended Wheelbase Car Loan Calculator in OMAN

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

Monthly Payment

OMR 15,500

Down Payment

OMR 46,000

Total Cost

OMR 232,000

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 15,500	OMR 170,500
2	OMR 15,500	OMR 155,000
3	OMR 15,500	OMR 139,500
4	OMR 15,500	OMR 124,000
5	OMR 15,500	OMR 108,500
6	OMR 15,500	OMR 93,000
7	OMR 15,500	OMR 77,500
8	OMR 15,500	OMR 62,000
9	OMR 15,500	OMR 46,500
10	OMR 15,500	OMR 31,000
11	OMR 15,500	OMR 15,500
12	OMR 15,500	OMR 0

Monthly Payment Composition

Interest: 167

Principal: 15333

Rolls Royce Phantom 2018 6.75L Extended Wheelbase Car Loan Calculator FAQs in Oman

The car loan process involves selecting a bank, submitting an application, providing necessary documents, and awaiting approval. Once approved, you will receive the loan amount to purchase the vehicle.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your monthly budget, interest rates, loan terms, and the total cost of ownership, including insurance and maintenance.
Factors include your credit score, loan amount, loan term, and the bank's current interest rate policies.
Typically, you will need proof of identity, proof of income, bank statements, and details about the vehicle you intend to purchase.