CarteaCar Loan Calculator

Geely Coolray 2020 1.5TD GL-Sport Car Loan Calculator in QATAR

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

select car *

car price (QAR)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

QAR 3,977

Down Payment

QAR 11,800

Total Cost

QAR 59,524

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1QAR 3,977QAR 43,747
2QAR 3,977QAR 39,770
3QAR 3,977QAR 35,793
4QAR 3,977QAR 31,816
5QAR 3,977QAR 27,839
6QAR 3,977QAR 23,862
7QAR 3,977QAR 19,885
8QAR 3,977QAR 15,908
9QAR 3,977QAR 11,931
10QAR 3,977QAR 7,954
11QAR 3,977QAR 3,977
12QAR 3,977QAR 0

Monthly Payment Composition

Interest: 44
Principal: 3933

Geely Coolray 2020 1.5TD GL-Sport Car Loan Calculator FAQs in Qatar

  • The loan process typically involves selecting a bank, submitting an application along with necessary documents like ID, proof of income, and vehicle information, and then waiting for approval.
  • Yes, taking a loan can affect your credit score. Timely repayments can improve it, while missed payments can lower it.
  • Consider the interest rates, loan tenure, monthly payments, and any additional fees charged by the bank.
  • Yes, you will generally need a valid Qatar ID, proof of income, and sometimes a down payment.
  • Factors include economic conditions, interest rates, inflation, and geopolitical stability.
  • In Qatar, you can explore various loan options such as bank loans, dealership financing, and personal loans. Each option has different terms and interest rates, so it's important to compare them.
  • To apply for a car loan, you need to gather necessary documents such as your ID, proof of income, and the car details. Then, you can approach a bank or financing institution to submit your application.
  • Yes, taking a loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it. Always ensure to manage your repayments responsibly.
  • Consider factors such as the interest rate, loan term, monthly installments, and your financial situation. Ensure that you can afford the repayments without straining your budget.
  • Factors affecting loan interest rates include the central bank's rate, your credit score, the loan amount, and the duration of the loan. Economic conditions can also play a role.