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MG One 2023 1.5T STD 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 4,920

Down Payment

QAR 14,600

Total Cost

QAR 73,640

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1QAR 4,920QAR 54,120
2QAR 4,920QAR 49,200
3QAR 4,920QAR 44,280
4QAR 4,920QAR 39,360
5QAR 4,920QAR 34,440
6QAR 4,920QAR 29,520
7QAR 4,920QAR 24,600
8QAR 4,920QAR 19,680
9QAR 4,920QAR 14,760
10QAR 4,920QAR 9,840
11QAR 4,920QAR 4,920
12QAR 4,920QAR 0

Monthly Payment Composition

Interest: 54
Principal: 4866

MG One 2023 1.5T STD Car Loan Calculator FAQs in Qatar

In Qatar, you can finance the MG One 2023 1.5T STD through banks or financial institutions offering auto loans, typically with varying interest rates and repayment terms.

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

You typically need to provide identification (Qatar ID), proof of income, bank statements, and details of the vehicle you wish to purchase.

Factors that can influence the interest rate include your credit score, loan amount, loan term, and the lender's policies.

Consider your monthly budget, the total cost of the loan including interest, your repayment capacity, and the terms and conditions of the loan agreement.

In Qatar, you can choose from several financing options including bank loans, dealership financing, and personal loans. Each option has different interest rates and terms.

To apply for a car loan, you generally need to visit a bank or financial institution, provide necessary documents like ID, proof of income, and fill out a loan application form.

Yes, taking a car loan can affect your credit score. On-time payments can improve your score, while late payments can harm it.

Consider your budget, the total cost of the loan, interest rates, loan terms, and your ability to make monthly payments before deciding.

Factors include your credit score, the loan amount, the term of the loan, and the lender's policies. Lower credit scores can lead to higher interest rates.