What are the loan options available for purchasing a Suzuki Baleno 2020 1.4L GL in Bahrain?

In Bahrain, you can choose between fixed-rate loans and variable-rate loans from various banks. It's advisable to compare offers to find the best terms.

How can I apply for a car loan for the Suzuki Baleno 2020?

You can apply for a car loan by visiting a bank branch or applying online through the bank's website. Make sure to have your identification and income documents ready.

Will taking out a loan affect my credit score?

Yes, applying for a loan can temporarily affect your credit score due to the hard inquiry. However, timely repayments can enhance your credit profile over time.

What should I consider before taking a car loan?

Consider your monthly budget, the interest rate, loan term, and any additional fees associated with the loan. Ensure that you can comfortably afford the monthly payments.

What factors can affect the loan interest rate?

Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and prevailing economic conditions. Lenders may offer better rates for higher credit scores.

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Suzuki Baleno 2020 1.4L GL Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 304

Down Payment

BHD 900

Total Cost

BHD 4,548

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 304	BHD 3,344
2	BHD 304	BHD 3,040
3	BHD 304	BHD 2,736
4	BHD 304	BHD 2,432
5	BHD 304	BHD 2,128
6	BHD 304	BHD 1,824
7	BHD 304	BHD 1,520
8	BHD 304	BHD 1,216
9	BHD 304	BHD 912
10	BHD 304	BHD 608
11	BHD 304	BHD 304
12	BHD 304	BHD 0

Monthly Payment Composition

Interest: 4

Principal: 300

Suzuki Baleno 2020 1.4L GL Car Loan Calculator FAQs in Bahrain

In Bahrain, you can choose between fixed-rate loans and variable-rate loans from various banks. It's advisable to compare offers to find the best terms.
You can apply for a car loan by visiting a bank branch or applying online through the bank's website. Make sure to have your identification and income documents ready.
Yes, applying for a loan can temporarily affect your credit score due to the hard inquiry. However, timely repayments can enhance your credit profile over time.
Consider your monthly budget, the interest rate, loan term, and any additional fees associated with the loan. Ensure that you can comfortably afford the monthly payments.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and prevailing economic conditions. Lenders may offer better rates for higher credit scores.