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Kia Cerato 2024 1.6L EX 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 5,459

Down Payment

QAR 16,200

Total Cost

QAR 81,708

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1QAR 5,459QAR 60,049
2QAR 5,459QAR 54,590
3QAR 5,459QAR 49,131
4QAR 5,459QAR 43,672
5QAR 5,459QAR 38,213
6QAR 5,459QAR 32,754
7QAR 5,459QAR 27,295
8QAR 5,459QAR 21,836
9QAR 5,459QAR 16,377
10QAR 5,459QAR 10,918
11QAR 5,459QAR 5,459
12QAR 5,459QAR 0

Monthly Payment Composition

Interest: 59
Principal: 5400

Kia Cerato 2024 1.6L EX Car Loan Calculator FAQs in Qatar

In Qatar, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and personal loans specifically designed for car purchases. It's best to check with local banks for their specific offerings.

To apply for a car loan, you typically need to provide identification, proof of income, the vehicle's details, and complete the bank's application form. Some banks may also require a down payment.

Yes, taking out a car loan can affect your credit score. It may initially lower your score due to the hard inquiry, but timely payments can improve your score over time.

Consider the loan interest rate, loan term, monthly payment amount, any fees associated with the loan, and your financial situation before committing to a loan.

Car loan interest rates can be influenced by factors such as the central bank's policy rates, inflation, the borrower's creditworthiness, and the overall economic conditions in Qatar.