What is the Alsvin Basic car loan in KSA?

The Alsvin Basic car loan is a financing option offered by banks in Saudi Arabia to help customers purchase the Alsvin Basic car. It usually involves a fixed or variable interest rate and a repayment period that can vary.

How can I apply for an Alsvin Basic car loan?

To apply for an Alsvin Basic car loan, you need to visit a bank or financial institution, provide the necessary documentation such as your income statement, identification, and any other required paperwork, and fill out the application form.

Does taking a car loan affect my credit score?

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

What should I consider when taking a car loan?

When taking a car loan, consider the interest rate, loan term, monthly payments, and any additional fees. Make sure it fits your budget and financial situation.

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

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

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Alsvin Basic Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,023

Down Payment

SAR 8,970

Total Cost

SAR 45,246

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,023	SAR 33,253
2	SAR 3,023	SAR 30,230
3	SAR 3,023	SAR 27,207
4	SAR 3,023	SAR 24,184
5	SAR 3,023	SAR 21,161
6	SAR 3,023	SAR 18,138
7	SAR 3,023	SAR 15,115
8	SAR 3,023	SAR 12,092
9	SAR 3,023	SAR 9,069
10	SAR 3,023	SAR 6,046
11	SAR 3,023	SAR 3,023
12	SAR 3,023	SAR 0

Monthly Payment Composition

Interest: 33

Principal: 2990

Alsvin Basic Car Loan Calculator FAQs in KSA

The Alsvin Basic car loan is a financing option offered by banks in Saudi Arabia to help customers purchase the Alsvin Basic car. It usually involves a fixed or variable interest rate and a repayment period that can vary.
To apply for an Alsvin Basic car loan, you need to visit a bank or financial institution, provide the necessary documentation such as your income statement, identification, and any other required paperwork, and fill out the application form.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
When taking a car loan, consider the interest rate, loan term, monthly payments, and any additional fees. Make sure it fits your budget and financial situation.
Factors that can affect the interest rate on your car loan include your credit score, the amount of the loan, the loan term, and the lender's policies.