What is the loan process for purchasing a Honda Accord 2024 1.5T EX in KSA?

To purchase a Honda Accord 2024 1.5T EX in KSA, you will need to apply for a car loan through a bank or financial institution, provide necessary documents, and have your creditworthiness assessed.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.

What factors should I consider when applying for a car loan?

Consider factors such as interest rates, loan terms, monthly payment amounts, and your overall budget before applying for a car loan.

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

Common interest rates for car loans in KSA typically range from 4% to 8%, depending on the bank and your credit history.

Are there any additional fees associated with car loans in KSA?

Yes, additional fees may include processing fees, insurance, and sometimes prepayment penalties. Always review the loan agreement to understand all potential costs.

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Honda Accord 2024 1.5T EX 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

Honda Accord 2024 1.5T EX Car Loan Calculator FAQs in KSA

To purchase a Honda Accord 2024 1.5T EX in KSA, you will need to apply for a car loan through a bank or financial institution, provide necessary documents, and have your creditworthiness assessed.
Yes, taking out a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.
Consider factors such as interest rates, loan terms, monthly payment amounts, and your overall budget before applying for a car loan.
Common interest rates for car loans in KSA typically range from 4% to 8%, depending on the bank and your credit history.
Yes, additional fees may include processing fees, insurance, and sometimes prepayment penalties. Always review the loan agreement to understand all potential costs.