What is the process to apply for a car loan for a Volvo S90 2019 T6 Inscription Exclusive in Oman?

To apply for a car loan, you typically need to visit a bank, provide your identification, proof of income, and details of the vehicle. The bank will then assess your eligibility.

Will taking a car loan affect my credit score in Oman?

Yes, taking a car loan can impact your credit score. Timely repayments can improve it, while missed payments can decrease it.

What are the factors that can affect the interest rate on my car loan?

Factors include your credit score, the loan amount, the repayment term, and the current market interest rates.

Are there any additional costs associated with taking a car loan in Oman?

Yes, additional costs may include insurance, processing fees, and sometimes down payment requirements.

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

You will typically need your identification, proof of income, salary slips, bank statements, and details of the vehicle you wish to purchase.

CarteaCar Loan Calculator

Volvo S90 2019 T6 Insciption Exclusive Car Loan Calculator in OMAN

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

Monthly Payment

OMR 1,274

Down Payment

OMR 3,780

Total Cost

OMR 19,068

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	OMR 1,274	OMR 14,014
2	OMR 1,274	OMR 12,740
3	OMR 1,274	OMR 11,466
4	OMR 1,274	OMR 10,192
5	OMR 1,274	OMR 8,918
6	OMR 1,274	OMR 7,644
7	OMR 1,274	OMR 6,370
8	OMR 1,274	OMR 5,096
9	OMR 1,274	OMR 3,822
10	OMR 1,274	OMR 2,548
11	OMR 1,274	OMR 1,274
12	OMR 1,274	OMR 0

Monthly Payment Composition

Interest: 14

Principal: 1260

Volvo S90 2019 T6 Insciption Exclusive Car Loan Calculator FAQs in Oman

To apply for a car loan, you typically need to visit a bank, provide your identification, proof of income, and details of the vehicle. The bank will then assess your eligibility.
Yes, taking a car loan can impact your credit score. Timely repayments can improve it, while missed payments can decrease it.
Factors include your credit score, the loan amount, the repayment term, and the current market interest rates.
Yes, additional costs may include insurance, processing fees, and sometimes down payment requirements.
You will typically need your identification, proof of income, salary slips, bank statements, and details of the vehicle you wish to purchase.