What is the car loan process for purchasing a Honda City 2023 1.5L Sport in KSA?

To obtain a car loan for a Honda City 2023 1.5L Sport in KSA, you need to choose a bank, fill out an application, provide necessary documents, and wait for approval. Once approved, you can finalize the purchase.

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

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

What documents are required to apply for a car loan in KSA?

Typically, you will need your ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

What factors affect the interest rate on my car loan in KSA?

Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the bank's policies.

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

Yes, it's important to inquire about any processing fees, insurance requirements, or other charges that may not be immediately apparent.

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Honda City 2023 1.5L Sport Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,193

Down Payment

SAR 18,377

Total Cost

SAR 92,693

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,193	SAR 68,123
2	SAR 6,193	SAR 61,930
3	SAR 6,193	SAR 55,737
4	SAR 6,193	SAR 49,544
5	SAR 6,193	SAR 43,351
6	SAR 6,193	SAR 37,158
7	SAR 6,193	SAR 30,965
8	SAR 6,193	SAR 24,772
9	SAR 6,193	SAR 18,579
10	SAR 6,193	SAR 12,386
11	SAR 6,193	SAR 6,193
12	SAR 6,193	SAR 0

Monthly Payment Composition

Interest: 68

Principal: 6125

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

To obtain a car loan for a Honda City 2023 1.5L Sport in KSA, you need to choose a bank, fill out an application, provide necessary documents, and wait for approval. Once approved, you can finalize the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Typically, you will need your ID, proof of income, bank statements, and details about the vehicle you wish to purchase.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the bank's policies.
Yes, it's important to inquire about any processing fees, insurance requirements, or other charges that may not be immediately apparent.