What are the requirements to apply for a car loan for a Toyota Hilux 2018 in Oman?

Typically, you will need to provide proof of income, identification documents, and details of the vehicle you wish to purchase.

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

Taking a car loan can impact your credit score positively if you make timely repayments, but missed payments can harm your score.

Factors include your credit history, the loan amount, the term of the loan, and current market conditions.

Loan terms usually range from 1 to 5 years, depending on the lender's policies and your financial situation.

Most banks allow early repayment of car loans, but some may charge a penalty fee for doing so.

CarteaCar Loan Calculator

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

OMR 600

OMR 1,780

OMR 8,980

Interest: 7

Principal: 593

Typically, you will need to provide proof of income, identification documents, and details of the vehicle you wish to purchase.
Taking a car loan can impact your credit score positively if you make timely repayments, but missed payments can harm your score.
Factors include your credit history, the loan amount, the term of the loan, and current market conditions.
Loan terms usually range from 1 to 5 years, depending on the lender's policies and your financial situation.
Most banks allow early repayment of car loans, but some may charge a penalty fee for doing so.