What are the loan options available for purchasing a Toyota Avanza 2019 1.5L GL in Bahrain?

In Bahrain, you can choose from various loan options such as personal loans, auto loans, and Islamic financing. Each bank offers different terms and interest rates.

How do I apply for a car loan for the Toyota Avanza?

You can apply for a car loan by visiting the bank's branch or online. You will need to provide necessary documents like identification, proof of income, and vehicle details.

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 out a car loan?

Be aware of the interest rates, loan terms, and any additional fees. It's also important to understand the repayment schedule and your total financial commitment.

What factors affect the loan interest rates in Bahrain?

Factors include the central bank's policy, inflation rates, your credit score, and the specific bank's terms and competition in the market.

CarteaCar Loan Calculator

Toyota Avanza 2019 1.5L GL Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 439

Down Payment

BHD 1,300

Total Cost

BHD 6,568

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 439	BHD 4,829
2	BHD 439	BHD 4,390
3	BHD 439	BHD 3,951
4	BHD 439	BHD 3,512
5	BHD 439	BHD 3,073
6	BHD 439	BHD 2,634
7	BHD 439	BHD 2,195
8	BHD 439	BHD 1,756
9	BHD 439	BHD 1,317
10	BHD 439	BHD 878
11	BHD 439	BHD 439
12	BHD 439	BHD 0

Monthly Payment Composition

Interest: 6

Principal: 433

Toyota Avanza 2019 1.5L GL Car Loan Calculator FAQs in Bahrain

In Bahrain, you can choose from various loan options such as personal loans, auto loans, and Islamic financing. Each bank offers different terms and interest rates.
You can apply for a car loan by visiting the bank's branch or online. You will need to provide necessary documents like identification, proof of income, and vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Be aware of the interest rates, loan terms, and any additional fees. It's also important to understand the repayment schedule and your total financial commitment.
Factors include the central bank's policy, inflation rates, your credit score, and the specific bank's terms and competition in the market.