| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
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% |
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.
Eligibility:
- Minimum salary OMR 320
- Loan subject to 50% DBR for Omanis and 30% for Expatriate
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to 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 of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
