What are the interest rates for a car loan on a Toyota Avanza 2019 1.5L SE in Oman?

Interest rates for car loans in Oman typically range from 4% to 7% depending on the bank and your credit score.

How can I apply for a car loan for a Toyota Avanza 2019 1.5L SE?

You can apply for a car loan by visiting the bank's branch, filling out an application form, and providing necessary documents such as your ID, proof of income, and details of the vehicle.

Will taking a car loan affect my credit score?

Yes, applying for a car loan can affect your credit score, especially if you have multiple inquiries or defaults.

What should I consider before taking a car loan?

Consider your monthly budget, the total cost of the loan including interest, and the terms of repayment before taking a car loan.

What factors influence the exchange rate for car loans in Oman?

Factors that influence exchange rates for car loans include inflation rates, interest rates set by the central bank, and economic stability.

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Toyota Avanza 2019 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 2019 1.5L SE Car Loan Calculator FAQs in Oman

Interest rates for car loans in Oman typically range from 4% to 7% depending on the bank and your credit score.
You can apply for a car loan by visiting the bank's branch, filling out an application form, and providing necessary documents such as your ID, proof of income, and details of the vehicle.
Yes, applying for a car loan can affect your credit score, especially if you have multiple inquiries or defaults.
Consider your monthly budget, the total cost of the loan including interest, and the terms of repayment before taking a car loan.
Factors that influence exchange rates for car loans include inflation rates, interest rates set by the central bank, and economic stability.