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Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Bank Dhofar - Car Loan Bank Dhofar - Car Loan Minimum Salary: OMR 320 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 10 Years Flat Rate: 4.49% Reducing Rate: 8.08%
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Financial assistance to make your plans a reality.

BankDhofar Car Loan gives you the freedom to buy the car of your dreams without having to wait an extra minute. The Auto Loan at competitive interest rates, quick approvals and personalised services speeds up your car buying experience.
Features:
  • Monthly deduction of life insurance covering loan amount
  • Loan up to 10 years repayment period
  • Loan up to OMR 50,000
  • Transfer of existing loans from other banks or finance companies.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Bank Sohar - Al Mumayaz Auto Loan
Minimum Salary
OMR 750
Flat Rate
4.49%