HomeCar Loan Calculator

MG GT 2023 1.5T STD 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 519

Down Payment

BHD 1,540

Total Cost

BHD 7,768

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1BHD 519BHD 5,709
2BHD 519BHD 5,190
3BHD 519BHD 4,671
4BHD 519BHD 4,152
5BHD 519BHD 3,633
6BHD 519BHD 3,114
7BHD 519BHD 2,595
8BHD 519BHD 2,076
9BHD 519BHD 1,557
10BHD 519BHD 1,038
11BHD 519BHD 519
12BHD 519BHD 0

Monthly Payment Composition

Interest: 6
Principal: 513

MG GT 2023 1.5T STD Car Loan Calculator FAQs in Bahrain

To be eligible for a car loan in Bahrain, you typically need to be at least 21 years old, have a stable income, and provide necessary documents such as identification, proof of income, and credit history.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

You will typically need to provide your ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

Interest rates can be affected by your credit score, the amount of the loan, the term of the loan, and the bank's policies.

Many banks in Bahrain allow early repayment of car loans without penalties, but it's important to check the specific terms with your lender.