What are the eligibility requirements for a car loan for the Honda City 2024 1.5L DX in KSA?

To be eligible for a car loan, you typically need to be at least 21 years old, have a steady income, and provide necessary documentation such as your ID, salary slips, and bank statements.

How can I apply for a car loan for the Honda City 2024 1.5L DX?

You can apply for a car loan by visiting your bank or financial institution's website, filling out an application form, and submitting the required documents either online or in person.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. Making timely payments can improve your score, while missed payments can lower it.

What factors should I consider when taking a car loan?

You should consider the interest rate, loan term, monthly payments, and any additional fees or insurance requirements.

What factors can affect the exchange rate for my car loan?

Factors include economic stability, interest rates set by central banks, inflation rates, and geopolitical events.

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Honda City 2024 1.5L DX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,108

Down Payment

SAR 15,157

Total Cost

SAR 76,453

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,108	SAR 56,188
2	SAR 5,108	SAR 51,080
3	SAR 5,108	SAR 45,972
4	SAR 5,108	SAR 40,864
5	SAR 5,108	SAR 35,756
6	SAR 5,108	SAR 30,648
7	SAR 5,108	SAR 25,540
8	SAR 5,108	SAR 20,432
9	SAR 5,108	SAR 15,324
10	SAR 5,108	SAR 10,216
11	SAR 5,108	SAR 5,108
12	SAR 5,108	SAR 0

Monthly Payment Composition

Interest: 56

Principal: 5052

Honda City 2024 1.5L DX Car Loan Calculator FAQs in KSA

To be eligible for a car loan, you typically need to be at least 21 years old, have a steady income, and provide necessary documentation such as your ID, salary slips, and bank statements.
You can apply for a car loan by visiting your bank or financial institution's website, filling out an application form, and submitting the required documents either online or in person.
Yes, taking a car loan can impact your credit score. Making timely payments can improve your score, while missed payments can lower it.
You should consider the interest rate, loan term, monthly payments, and any additional fees or insurance requirements.
Factors include economic stability, interest rates set by central banks, inflation rates, and geopolitical events.