CarteaCar Loan Calculator

Volkswagen Passat 2018 2.5L SEL Car Loan Calculator in KUWAIT

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

select car *

car price (KWD)*

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

Monthly Payment

KWD 526

Down Payment

KWD 1,560

Total Cost

KWD 7,872

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1KWD 526KWD 5,786
2KWD 526KWD 5,260
3KWD 526KWD 4,734
4KWD 526KWD 4,208
5KWD 526KWD 3,682
6KWD 526KWD 3,156
7KWD 526KWD 2,630
8KWD 526KWD 2,104
9KWD 526KWD 1,578
10KWD 526KWD 1,052
11KWD 526KWD 526
12KWD 526KWD 0

Monthly Payment Composition

Interest: 6
Principal: 520

Volkswagen Passat 2018 2.5L SEL Car Loan Calculator FAQs in Kuwait

In Kuwait, you can choose from various banks offering auto loans, typically with competitive interest rates and flexible repayment terms. It's advisable to compare offers from different banks to find the most suitable option.

You can apply for an auto loan either online through the bank's website or by visiting a branch in person. You'll need to provide necessary documents such as proof of income, identification, and vehicle details.

Yes, taking an auto loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.

Consider the total cost of the loan including interest rates, fees, and the loan term. Ensure that the monthly payments fit within your budget.

Factors that influence interest rates include your credit score, the loan amount, the loan term, and current market conditions. Banks may offer better rates for borrowers with higher credit scores.