What are the requirements for obtaining a car loan for the Honda City 2023 1.5L EX in KSA?

To obtain a car loan for the Honda City 2023 1.5L EX in KSA, you typically need to provide proof of income, a valid ID, residency documents, and a good credit history.

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

Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect it.

What factors can influence the interest rates on car loans in KSA?

Interest rates on car loans in KSA can be influenced by factors such as your credit score, loan amount, repayment term, and the bank's policies.

What is the typical loan term for financing a Honda City 2023 1.5L EX?

The typical loan term for financing a Honda City 2023 1.5L EX in KSA ranges from 3 to 5 years, depending on the lender.

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

Yes, some banks may charge processing fees, insurance fees, or early repayment penalties, so it's essential to read the loan agreement carefully.

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Honda City 2023 1.5L EX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,650

Down Payment

SAR 16,767

Total Cost

SAR 84,567

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,650	SAR 62,150
2	SAR 5,650	SAR 56,500
3	SAR 5,650	SAR 50,850
4	SAR 5,650	SAR 45,200
5	SAR 5,650	SAR 39,550
6	SAR 5,650	SAR 33,900
7	SAR 5,650	SAR 28,250
8	SAR 5,650	SAR 22,600
9	SAR 5,650	SAR 16,950
10	SAR 5,650	SAR 11,300
11	SAR 5,650	SAR 5,650
12	SAR 5,650	SAR 0

Monthly Payment Composition

Interest: 61

Principal: 5589

Honda City 2023 1.5L EX Car Loan Calculator FAQs in KSA

To obtain a car loan for the Honda City 2023 1.5L EX in KSA, you typically need to provide proof of income, a valid ID, residency documents, and a good credit history.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can negatively affect it.
Interest rates on car loans in KSA can be influenced by factors such as your credit score, loan amount, repayment term, and the bank's policies.
The typical loan term for financing a Honda City 2023 1.5L EX in KSA ranges from 3 to 5 years, depending on the lender.
Yes, some banks may charge processing fees, insurance fees, or early repayment penalties, so it's essential to read the loan agreement carefully.