What are the loan options available for purchasing a Honda City 2024 1.5L LX Sport in Qatar?

In Qatar, various banks offer auto loans with competitive interest rates. You can choose between fixed-rate loans and variable-rate loans, typically with terms ranging from 1 to 5 years.

How can I apply for a car loan for the Honda City 2024?

You can apply for a car loan by visiting a bank branch or applying online. You'll need to submit documents such as your ID, proof of income, and details of the vehicle.

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 consider before taking a car loan?

Consider the interest rates, loan terms, monthly payment amounts, and your ability to repay the loan. Also, check for any hidden fees.

What factors can affect the interest rate on my car loan?

Factors include your credit score, the bank's policies, the loan term, and the type of vehicle being financed.

CarteaCar Loan Calculator

Honda City 2024 1.5L LX Sport Car Loan Calculator in QATAR

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

Monthly Payment

QAR 4,785

Down Payment

QAR 14,200

Total Cost

QAR 71,620

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	QAR 4,785	QAR 52,635
2	QAR 4,785	QAR 47,850
3	QAR 4,785	QAR 43,065
4	QAR 4,785	QAR 38,280
5	QAR 4,785	QAR 33,495
6	QAR 4,785	QAR 28,710
7	QAR 4,785	QAR 23,925
8	QAR 4,785	QAR 19,140
9	QAR 4,785	QAR 14,355
10	QAR 4,785	QAR 9,570
11	QAR 4,785	QAR 4,785
12	QAR 4,785	QAR 0

Monthly Payment Composition

Interest: 52

Principal: 4733

Honda City 2024 1.5L LX Sport Car Loan Calculator FAQs in Qatar

In Qatar, various banks offer auto loans with competitive interest rates. You can choose between fixed-rate loans and variable-rate loans, typically with terms ranging from 1 to 5 years.
You can apply for a car loan by visiting a bank branch or applying online. You'll need to submit documents such as your ID, proof of income, and details of the vehicle.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rates, loan terms, monthly payment amounts, and your ability to repay the loan. Also, check for any hidden fees.
Factors include your credit score, the bank's policies, the loan term, and the type of vehicle being financed.