HomeCar Loan Calculator

Coolray GL Car Loan Calculator in BAHRAIN

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

select car *

car price (BHD)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

BHD 492

Down Payment

BHD 1,458

Total Cost

BHD 7,362

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1BHD 492BHD 5,412
2BHD 492BHD 4,920
3BHD 492BHD 4,428
4BHD 492BHD 3,936
5BHD 492BHD 3,444
6BHD 492BHD 2,952
7BHD 492BHD 2,460
8BHD 492BHD 1,968
9BHD 492BHD 1,476
10BHD 492BHD 984
11BHD 492BHD 492
12BHD 492BHD 0

Monthly Payment Composition

Interest: 6
Principal: 486

Coolray GL Car Loan Calculator FAQs in Bahrain

To obtain a car loan for the Coolray GL in Bahrain, you need to approach a bank or a financial institution, provide necessary documents such as your ID, proof of income, and choose the loan terms that suit you.

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

Consider factors like interest rates, loan terms, your budget for monthly payments, and any additional fees associated with the loan.

Interest rates for car loans in Bahrain typically range from 4% to 7%, depending on the bank and your credit profile.

If your loan is in a foreign currency, fluctuations in exchange rates can impact the total amount you owe, potentially increasing your payments.