What is the car loan process for purchasing a Suzuki Ciaz 2024 1.5L GLX in Oman?

The car loan process generally involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and awaiting approval before finalizing the purchase.

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

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

What documents are required for a car loan application in Oman?

Typically, you will need identification, proof of income, bank statements, and sometimes proof of residency to apply for a car loan.

What factors affect the interest rate on a car loan in Oman?

Interest rates on car loans can be affected by your credit score, the loan amount, the duration of the loan, and the bank's policies.

Are there any hidden fees when applying for a car loan in Oman?

Some banks may charge processing fees, early repayment fees, or insurance costs, so it's important to review the terms carefully before signing.

CarteaCar Loan Calculator

Suzuki Ciaz 2024 1.5L GLX Car Loan Calculator in OMAN

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

Monthly Payment

OMR 415

Down Payment

OMR 1,230

Total Cost

OMR 6,210

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 415	OMR 4,565
2	OMR 415	OMR 4,150
3	OMR 415	OMR 3,735
4	OMR 415	OMR 3,320
5	OMR 415	OMR 2,905
6	OMR 415	OMR 2,490
7	OMR 415	OMR 2,075
8	OMR 415	OMR 1,660
9	OMR 415	OMR 1,245
10	OMR 415	OMR 830
11	OMR 415	OMR 415
12	OMR 415	OMR 0

Monthly Payment Composition

Interest: 5

Principal: 410

Suzuki Ciaz 2024 1.5L GLX Car Loan Calculator FAQs in Oman

The car loan process generally involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and awaiting approval before finalizing the purchase.
Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need identification, proof of income, bank statements, and sometimes proof of residency to apply for a car loan.
Interest rates on car loans can be affected by your credit score, the loan amount, the duration of the loan, and the bank's policies.
Some banks may charge processing fees, early repayment fees, or insurance costs, so it's important to review the terms carefully before signing.