What are the general loan terms for purchasing a Peugeot 301 2018 1.6L Active (6 AT) in Bahrain?

Typically, the loan terms can range from 1 to 5 years, and banks usually offer financing options covering up to 80% of the vehicle's value.

How does taking a car loan affect my credit score in Bahrain?

Taking a car loan can have both positive and negative effects on your credit score. Timely repayments can improve your score, while missed payments can lower it.

What documents are required to apply for a car loan in Bahrain?

Commonly required documents include your ID, proof of income, bank statements, and details about the vehicle.

What factors can influence the interest rate for a car loan in Bahrain?

Factors include your credit history, the loan amount, the duration of the loan, and the financial institution's policies.

Are there any additional fees to consider when taking a car loan in Bahrain?

Yes, you should consider processing fees, insurance costs, and sometimes early repayment penalties.

CarteaCar Loan Calculator

Peugeot 301 2018 1.6L Active (6 AT) Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 405

Down Payment

BHD 1,200

Total Cost

BHD 6,060

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 405	BHD 4,455
2	BHD 405	BHD 4,050
3	BHD 405	BHD 3,645
4	BHD 405	BHD 3,240
5	BHD 405	BHD 2,835
6	BHD 405	BHD 2,430
7	BHD 405	BHD 2,025
8	BHD 405	BHD 1,620
9	BHD 405	BHD 1,215
10	BHD 405	BHD 810
11	BHD 405	BHD 405
12	BHD 405	BHD 0

Monthly Payment Composition

Interest: 5

Principal: 400

Peugeot 301 2018 1.6L Active (6 AT) Car Loan Calculator FAQs in Bahrain

Typically, the loan terms can range from 1 to 5 years, and banks usually offer financing options covering up to 80% of the vehicle's value.
Taking a car loan can have both positive and negative effects on your credit score. Timely repayments can improve your score, while missed payments can lower it.
Commonly required documents include your ID, proof of income, bank statements, and details about the vehicle.
Factors include your credit history, the loan amount, the duration of the loan, and the financial institution's policies.
Yes, you should consider processing fees, insurance costs, and sometimes early repayment penalties.