What is the process for obtaining a car loan for the Toyota Coaster 2022 2.7L SWB (20-Seater) in Oman?

To obtain a car loan in Oman, you typically need to provide proof of income, a valid ID, and fill out a loan application with the bank. The bank will assess your creditworthiness before approving the loan.

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

A car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.

What factors should I consider when applying for a car loan in Oman?

Consider the interest rates, loan tenure, down payment requirements, and any additional fees the bank may charge.

What is the typical interest rate for car loans in Oman?

The typical interest rate for car loans in Oman can range from 4% to 8%, depending on the bank and your credit profile.

What documents do I need to provide for a car loan application?

You will typically need to provide a copy of your ID, proof of income, bank statements, and possibly a credit report.

CarteaCar Loan Calculator

Toyota Coaster 2022 2.7L SWB (20-Seater) Car Loan Calculator in OMAN

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

Monthly Payment

OMR 1,409

Down Payment

OMR 4,180

Total Cost

OMR 21,088

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 1,409	OMR 15,499
2	OMR 1,409	OMR 14,090
3	OMR 1,409	OMR 12,681
4	OMR 1,409	OMR 11,272
5	OMR 1,409	OMR 9,863
6	OMR 1,409	OMR 8,454
7	OMR 1,409	OMR 7,045
8	OMR 1,409	OMR 5,636
9	OMR 1,409	OMR 4,227
10	OMR 1,409	OMR 2,818
11	OMR 1,409	OMR 1,409
12	OMR 1,409	OMR 0

Monthly Payment Composition

Interest: 16

Principal: 1393

Toyota Coaster 2022 2.7L SWB (20-Seater) Car Loan Calculator FAQs in Oman

To obtain a car loan in Oman, you typically need to provide proof of income, a valid ID, and fill out a loan application with the bank. The bank will assess your creditworthiness before approving the loan.
A car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.
Consider the interest rates, loan tenure, down payment requirements, and any additional fees the bank may charge.
The typical interest rate for car loans in Oman can range from 4% to 8%, depending on the bank and your credit profile.
You will typically need to provide a copy of your ID, proof of income, bank statements, and possibly a credit report.