What are the requirements to apply for a car loan for a Changan CS35 2018 in Bahrain?

To apply for a car loan, you typically need to provide proof of income, identification, residency documents, and details of the vehicle you wish to purchase.

How does taking a car loan affect my credit score?

Taking a car loan can impact your credit score positively by showing that you can manage debt responsibly, as long as you make your payments on time.

What factors should I consider before taking a car loan in Bahrain?

You should consider the interest rate, loan tenure, monthly payments, total cost of the loan, and your ability to repay the loan comfortably.

What is the average interest rate for car loans in Bahrain?

The average interest rate for car loans in Bahrain typically ranges from 3% to 5%, depending on the bank and the borrower's credit profile.

Can I get a car loan if I am a foreigner in Bahrain?

Yes, many banks in Bahrain offer car loans to foreigners, but you may need to provide additional documentation and meet specific eligibility criteria.

CarteaCar Loan Calculator

Changan CS35 2018 1.6L Standard (2WD) Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 371

Down Payment

BHD 1,100

Total Cost

BHD 5,552

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 371	BHD 4,081
2	BHD 371	BHD 3,710
3	BHD 371	BHD 3,339
4	BHD 371	BHD 2,968
5	BHD 371	BHD 2,597
6	BHD 371	BHD 2,226
7	BHD 371	BHD 1,855
8	BHD 371	BHD 1,484
9	BHD 371	BHD 1,113
10	BHD 371	BHD 742
11	BHD 371	BHD 371
12	BHD 371	BHD 0

Monthly Payment Composition

Interest: 5

Principal: 366

Changan CS35 2018 1.6L Standard (2WD) Car Loan Calculator FAQs in Bahrain

To apply for a car loan, you typically need to provide proof of income, identification, residency documents, and details of the vehicle you wish to purchase.
Taking a car loan can impact your credit score positively by showing that you can manage debt responsibly, as long as you make your payments on time.
You should consider the interest rate, loan tenure, monthly payments, total cost of the loan, and your ability to repay the loan comfortably.
The average interest rate for car loans in Bahrain typically ranges from 3% to 5%, depending on the bank and the borrower's credit profile.
Yes, many banks in Bahrain offer car loans to foreigners, but you may need to provide additional documentation and meet specific eligibility criteria.