What are the loan options available for purchasing a Hyundai Accent 2020 1.6L Mid Option in Bahrain?

In Bahrain, you can choose from various loan options such as conventional auto loans, Islamic finance, and personal loans specifically designed for car purchases.

How do I apply for a car loan for the Hyundai Accent 2020?

To apply for a car loan, you will need to visit a bank or financial institution, fill out an application form, and provide necessary documents such as income proof, identification, and vehicle details.

Will taking a car loan affect my credit score?

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

What should I consider before taking out a car loan?

Consider the interest rate, loan term, monthly payments, and your overall financial situation before taking out a car loan.

What factors can affect the loan interest rate for my car loan?

Factors such as your credit score, income level, loan amount, and the duration of the loan can all affect the interest rate for your car loan.

CarteaCar Loan Calculator

Hyundai Accent 2020 1.6L Mid Option Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 425

Down Payment

BHD 1,260

Total Cost

BHD 6,360

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 425	BHD 4,675
2	BHD 425	BHD 4,250
3	BHD 425	BHD 3,825
4	BHD 425	BHD 3,400
5	BHD 425	BHD 2,975
6	BHD 425	BHD 2,550
7	BHD 425	BHD 2,125
8	BHD 425	BHD 1,700
9	BHD 425	BHD 1,275
10	BHD 425	BHD 850
11	BHD 425	BHD 425
12	BHD 425	BHD 0

Monthly Payment Composition

Interest: 5

Principal: 420

Hyundai Accent 2020 1.6L Mid Option Car Loan Calculator FAQs in Bahrain

In Bahrain, you can choose from various loan options such as conventional auto loans, Islamic finance, and personal loans specifically designed for car purchases.
To apply for a car loan, you will need to visit a bank or financial institution, fill out an application form, and provide necessary documents such as income proof, identification, and vehicle details.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can negatively affect it.
Consider the interest rate, loan term, monthly payments, and your overall financial situation before taking out a car loan.
Factors such as your credit score, income level, loan amount, and the duration of the loan can all affect the interest rate for your car loan.