What is the loan process for purchasing an Accord EXL 2024 in KSA?

The loan process typically involves applying through a bank or financial institution, providing necessary documents such as proof of income, identification, and vehicle details, followed by approval and signing the loan agreement.

Will taking a loan for the Accord EXL 2024 affect my credit score?

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

What are the important factors to consider when applying for a car loan?

Important factors include your credit score, the interest rate offered, the loan term, monthly payments, and any fees associated with the loan.

What are the common interest rates for car loans in KSA?

Interest rates for car loans in KSA usually range from 4% to 7%, depending on the bank and your credit profile.

What factors can affect the loan currency exchange rate?

Factors include economic conditions, interest rates set by central banks, inflation rates, and geopolitical stability.

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Accord EXL 2024 Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,300

Down Payment

SAR 30,567

Total Cost

SAR 154,167

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,300	SAR 113,300
2	SAR 10,300	SAR 103,000
3	SAR 10,300	SAR 92,700
4	SAR 10,300	SAR 82,400
5	SAR 10,300	SAR 72,100
6	SAR 10,300	SAR 61,800
7	SAR 10,300	SAR 51,500
8	SAR 10,300	SAR 41,200
9	SAR 10,300	SAR 30,900
10	SAR 10,300	SAR 20,600
11	SAR 10,300	SAR 10,300
12	SAR 10,300	SAR 0

Monthly Payment Composition

Interest: 111

Principal: 10189

Accord EXL 2024 Car Loan Calculator FAQs in KSA

The loan process typically involves applying through a bank or financial institution, providing necessary documents such as proof of income, identification, and vehicle details, followed by approval and signing the loan agreement.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments may harm it.
Important factors include your credit score, the interest rate offered, the loan term, monthly payments, and any fees associated with the loan.
Interest rates for car loans in KSA usually range from 4% to 7%, depending on the bank and your credit profile.
Factors include economic conditions, interest rates set by central banks, inflation rates, and geopolitical stability.