What are the eligibility requirements for a car loan for a CX5 High Plus in KSA?

To be eligible for a car loan in KSA, you typically need to be at least 21 years old, have a stable income, and a good credit score.

How can I apply for a car loan for a CX5 High Plus?

You can apply for a car loan through banks or financial institutions by providing the necessary documents, such as proof of income, identification, and vehicle details.

Will taking a car loan affect my credit score in KSA?

Yes, taking out a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.

What should I consider before taking a car loan for a CX5 High Plus?

Consider the interest rate, loan term, monthly payments, and any additional fees. Make sure it fits within your budget.

What factors affect car loan interest rates in KSA?

Factors include your credit score, the loan amount, loan term, and the lender's policies. Market conditions can also play a role.

CarteaCar Loan Calculator

CX5 High Plus Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,913

Down Payment

SAR 26,450

Total Cost

SAR 133,406

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,913	SAR 98,043
2	SAR 8,913	SAR 89,130
3	SAR 8,913	SAR 80,217
4	SAR 8,913	SAR 71,304
5	SAR 8,913	SAR 62,391
6	SAR 8,913	SAR 53,478
7	SAR 8,913	SAR 44,565
8	SAR 8,913	SAR 35,652
9	SAR 8,913	SAR 26,739
10	SAR 8,913	SAR 17,826
11	SAR 8,913	SAR 8,913
12	SAR 8,913	SAR 0

Monthly Payment Composition

Interest: 97

Principal: 8816

CX5 High Plus Car Loan Calculator FAQs in KSA

To be eligible for a car loan in KSA, you typically need to be at least 21 years old, have a stable income, and a good credit score.
You can apply for a car loan through banks or financial institutions by providing the necessary documents, such as proof of income, identification, and vehicle details.
Yes, taking out a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Consider the interest rate, loan term, monthly payments, and any additional fees. Make sure it fits within your budget.
Factors include your credit score, the loan amount, loan term, and the lender's policies. Market conditions can also play a role.