What are the loan options available for purchasing Elantra Gamma 1.6 Mpi in KSA?

Several banks in KSA offer car loans with varying interest rates and terms. You can compare offers from banks like Al Rajhi, NCB, and SAMBA.

How can I apply for a car loan for Elantra Gamma 1.6 Mpi?

To apply for a car loan, you need to visit the bank's branch or their website, fill out the application form, and provide necessary documents like ID, salary certificate, and proof of residence.

Will taking a car loan affect my credit score?

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

What factors should I consider when taking a car loan?

Consider the interest rate, loan tenure, monthly payments, and any hidden fees. It's also important to check your eligibility criteria.

What factors influence the loan interest rates in KSA?

Interest rates can be influenced by the central bank's policies, inflation rates, market competition, and your personal credit history.

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Elantra Gamma 1.6 Mpi Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,501

Down Payment

SAR 19,291

Total Cost

SAR 97,303

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,501	SAR 71,511
2	SAR 6,501	SAR 65,010
3	SAR 6,501	SAR 58,509
4	SAR 6,501	SAR 52,008
5	SAR 6,501	SAR 45,507
6	SAR 6,501	SAR 39,006
7	SAR 6,501	SAR 32,505
8	SAR 6,501	SAR 26,004
9	SAR 6,501	SAR 19,503
10	SAR 6,501	SAR 13,002
11	SAR 6,501	SAR 6,501
12	SAR 6,501	SAR 0

Monthly Payment Composition

Interest: 71

Principal: 6430

Elantra Gamma 1.6 Mpi Car Loan Calculator FAQs in KSA

Several banks in KSA offer car loans with varying interest rates and terms. You can compare offers from banks like Al Rajhi, NCB, and SAMBA.
To apply for a car loan, you need to visit the bank's branch or their website, fill out the application form, and provide necessary documents like ID, salary certificate, and proof of residence.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan tenure, monthly payments, and any hidden fees. It's also important to check your eligibility criteria.
Interest rates can be influenced by the central bank's policies, inflation rates, market competition, and your personal credit history.