What is the car loan process for buying a Honda Civic 2024 1.5T Sport in KSA?

The car loan process typically involves selecting a bank or financial institution, submitting necessary documents, applying for a loan, and awaiting approval. Once approved, you can finalize the purchase.

Will taking a car loan affect my credit score?

Yes, taking out a car loan will impact your credit score. It can improve your score if payments are made on time, but missing payments can harm your score.

What should I consider when applying for a car loan for a Honda Civic?

When applying for a car loan, consider your budget, interest rates, loan terms, monthly payment amounts, and any additional fees.

What factors can influence the interest rate of my car loan?

Factors that can influence your car loan interest rate include your credit score, the length of the loan, the type of vehicle, and the current market rates.

Are there any specific documents required to apply for a car loan in KSA?

Yes, generally you will need to provide identification, proof of income, bank statements, and sometimes a credit report.

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Honda Civic 2024 1.5T Sport Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,680

Down Payment

SAR 28,727

Total Cost

SAR 144,887

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,680	SAR 106,480
2	SAR 9,680	SAR 96,800
3	SAR 9,680	SAR 87,120
4	SAR 9,680	SAR 77,440
5	SAR 9,680	SAR 67,760
6	SAR 9,680	SAR 58,080
7	SAR 9,680	SAR 48,400
8	SAR 9,680	SAR 38,720
9	SAR 9,680	SAR 29,040
10	SAR 9,680	SAR 19,360
11	SAR 9,680	SAR 9,680
12	SAR 9,680	SAR 0

Monthly Payment Composition

Interest: 105

Principal: 9575

Honda Civic 2024 1.5T Sport Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a bank or financial institution, submitting necessary documents, applying for a loan, and awaiting approval. Once approved, you can finalize the purchase.
Yes, taking out a car loan will impact your credit score. It can improve your score if payments are made on time, but missing payments can harm your score.
When applying for a car loan, consider your budget, interest rates, loan terms, monthly payment amounts, and any additional fees.
Factors that can influence your car loan interest rate include your credit score, the length of the loan, the type of vehicle, and the current market rates.
Yes, generally you will need to provide identification, proof of income, bank statements, and sometimes a credit report.