What are the requirements to apply for a car loan for a Toyota Hilux 2019 in Oman?

Typically, you will need proof of income, identification documents, and sometimes a down payment. Each bank may have specific requirements.

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

Taking a loan can impact your credit score positively if paid on time, but late payments can negatively affect it.

Interest rates vary by bank and can range from 4% to 8% annually, depending on your credit history and loan terms.

Yes, there may be processing fees, insurance costs, and early repayment penalties, which vary by bank.

Factors include your income, credit score, the vehicle's value, and the down payment you can afford.

CarteaCar Loan Calculator

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

OMR 627

OMR 1,860

OMR 9,384

Interest: 7

Principal: 620

Typically, you will need proof of income, identification documents, and sometimes a down payment. Each bank may have specific requirements.
Taking a loan can impact your credit score positively if paid on time, but late payments can negatively affect it.
Interest rates vary by bank and can range from 4% to 8% annually, depending on your credit history and loan terms.
Yes, there may be processing fees, insurance costs, and early repayment penalties, which vary by bank.
Factors include your income, credit score, the vehicle's value, and the down payment you can afford.