What are the loan options available for purchasing a Suzuki Ertiga 2018 1.4L GLX in Bahrain?

In Bahrain, you can choose between various banks offering auto loans with flexible terms, typically ranging from 3 to 7 years, with varying interest rates based on your credit profile.

How does taking a loan for a car affect my credit score?

Taking a loan can affect your credit score positively by improving your credit mix, but if you miss payments, it can negatively impact your score.

What documentation is required to apply for a car loan in Bahrain?

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

What factors influence the interest rate on a car loan?

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

Are there any hidden fees I should be aware of when taking a car loan?

Yes, some banks may charge processing fees, insurance costs, or early repayment fees, so it's important to read the loan agreement carefully.

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Suzuki Ertiga 2018 1.4L GLX 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

Suzuki Ertiga 2018 1.4L GLX Car Loan Calculator FAQs in Bahrain

In Bahrain, you can choose between various banks offering auto loans with flexible terms, typically ranging from 3 to 7 years, with varying interest rates based on your credit profile.
Taking a loan can affect your credit score positively by improving your credit mix, but if you miss payments, it can negatively impact 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 influenced by your credit score, the loan amount, loan term, and the bank's current policies.
Yes, some banks may charge processing fees, insurance costs, or early repayment fees, so it's important to read the loan agreement carefully.