What is the Raize Limited car loan in Bahrain?

Raize Limited car loan in Bahrain is a financing option that allows individuals to purchase vehicles by borrowing money from the bank and paying it back over time with interest.

How do I apply for a car loan with Raize Limited?

To apply for a car loan with Raize Limited, you need to visit their branch or apply online, providing necessary documents such as identification, proof of income, and details of the vehicle.

Will taking a car loan affect my credit score?

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

What should I be aware of when taking a car loan?

When taking a car loan, be aware of the interest rates, loan terms, monthly payments, and any additional fees or charges.

What factors influence the loan interest rates?

Factors that influence loan interest rates include your credit score, the loan amount, loan term, and prevailing market conditions.

CarteaCar Loan Calculator

Raize Limited Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 500

Down Payment

BHD 1,482

Total Cost

BHD 7,482

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 500	BHD 5,500
2	BHD 500	BHD 5,000
3	BHD 500	BHD 4,500
4	BHD 500	BHD 4,000
5	BHD 500	BHD 3,500
6	BHD 500	BHD 3,000
7	BHD 500	BHD 2,500
8	BHD 500	BHD 2,000
9	BHD 500	BHD 1,500
10	BHD 500	BHD 1,000
11	BHD 500	BHD 500
12	BHD 500	BHD 0

Monthly Payment Composition

Interest: 7

Principal: 493

Raize Limited Car Loan Calculator FAQs in Bahrain

Raize Limited car loan in Bahrain is a financing option that allows individuals to purchase vehicles by borrowing money from the bank and paying it back over time with interest.
To apply for a car loan with Raize Limited, you need to visit their branch or apply online, providing necessary documents such as identification, proof of income, and details of the vehicle.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
When taking a car loan, be aware of the interest rates, loan terms, monthly payments, and any additional fees or charges.
Factors that influence loan interest rates include your credit score, the loan amount, loan term, and prevailing market conditions.