What are the basic requirements to apply for a loan to purchase the ES 300h in KSA?

Typically, you will need to provide proof of income, identification, and a good credit history. Additionally, some banks may require a down payment.

How does taking out a loan affect my credit score in KSA?

Taking out a loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score over time.

Factors include your credit score, the loan amount, the loan term, and prevailing market interest rates.

You will typically need to provide proof of income, a valid ID, proof of residence, and possibly additional documents like bank statements.

It depends on the lender's policy. Some banks allow early repayment without penalties, while others may charge a fee.

CarteaCar Loan Calculator

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

SAR 13,338

SAR 39,583

SAR 199,639

Interest: 144

Principal: 13194

Typically, you will need to provide proof of income, identification, and a good credit history. Additionally, some banks may require a down payment.
Taking out a loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your score over time.
Factors include your credit score, the loan amount, the loan term, and prevailing market interest rates.
You will typically need to provide proof of income, a valid ID, proof of residence, and possibly additional documents like bank statements.
It depends on the lender's policy. Some banks allow early repayment without penalties, while others may charge a fee.