What are the loan options available for purchasing a Toyota Avanza 2018 1.5L SE in Oman?

In Oman, you can choose from various banks that offer auto loans with different interest rates, repayment terms, and eligibility criteria. It's advisable to compare offers from multiple banks.

How do I apply for an auto loan for the Toyota Avanza 2018?

To apply for an auto loan, you need to visit the bank or apply online. You will typically need to provide personal identification, proof of income, and details about the vehicle.

Will taking a loan affect my credit score?

Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.

What should I be aware of when taking out a car loan?

You should be aware of the interest rates, loan terms, any additional fees, and the total cost of the loan including insurance and maintenance.

What factors influence the interest rate for my auto loan?

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

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Toyota Avanza 2018 1.5L SE Car Loan Calculator in OMAN

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

Monthly Payment

OMR 378

Down Payment

OMR 1,120

Total Cost

OMR 5,656

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 378	OMR 4,158
2	OMR 378	OMR 3,780
3	OMR 378	OMR 3,402
4	OMR 378	OMR 3,024
5	OMR 378	OMR 2,646
6	OMR 378	OMR 2,268
7	OMR 378	OMR 1,890
8	OMR 378	OMR 1,512
9	OMR 378	OMR 1,134
10	OMR 378	OMR 756
11	OMR 378	OMR 378
12	OMR 378	OMR 0

Monthly Payment Composition

Interest: 5

Principal: 373

Toyota Avanza 2018 1.5L SE Car Loan Calculator FAQs in Oman

In Oman, you can choose from various banks that offer auto loans with different interest rates, repayment terms, and eligibility criteria. It's advisable to compare offers from multiple banks.
To apply for an auto loan, you need to visit the bank or apply online. You will typically need to provide personal identification, proof of income, and details about the vehicle.
Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.
You should be aware of the interest rates, loan terms, any additional fees, and the total cost of the loan including insurance and maintenance.
Factors that influence the interest rate include your credit score, the loan amount, the loan term, and the bank's policies.