What is the car loan process for the Suzuki Baleno 2023 1.5L GL in Bahrain?

The car loan process typically involves selecting the vehicle, submitting a loan application, providing required documents like proof of income and identity, and waiting for approval from the bank or financing institution.

Will taking a loan for the Suzuki Baleno 2023 affect my credit score?

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

What factors should I consider when applying for a car loan in Bahrain?

Consider your monthly budget, interest rates, loan terms, down payment amount, and any additional fees associated with the loan.

What are the common interest rates for car loans in Bahrain?

Interest rates for car loans in Bahrain typically range from 4% to 6%, depending on the bank and your creditworthiness.

Are there any specific documents required to apply for a car loan?

Yes, you typically need your ID, proof of income, bank statements, and details of the car you wish to purchase.

CarteaCar Loan Calculator

Suzuki Baleno 2023 1.5L GL Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 418

Down Payment

BHD 1,240

Total Cost

BHD 6,256

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 418	BHD 4,598
2	BHD 418	BHD 4,180
3	BHD 418	BHD 3,762
4	BHD 418	BHD 3,344
5	BHD 418	BHD 2,926
6	BHD 418	BHD 2,508
7	BHD 418	BHD 2,090
8	BHD 418	BHD 1,672
9	BHD 418	BHD 1,254
10	BHD 418	BHD 836
11	BHD 418	BHD 418
12	BHD 418	BHD 0

Monthly Payment Composition

Interest: 5

Principal: 413

Suzuki Baleno 2023 1.5L GL Car Loan Calculator FAQs in Bahrain

The car loan process typically involves selecting the vehicle, submitting a loan application, providing required documents like proof of income and identity, and waiting for approval from the bank or financing institution.
Yes, taking a loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your monthly budget, interest rates, loan terms, down payment amount, and any additional fees associated with the loan.
Interest rates for car loans in Bahrain typically range from 4% to 6%, depending on the bank and your creditworthiness.
Yes, you typically need your ID, proof of income, bank statements, and details of the car you wish to purchase.