What are the terms and conditions for obtaining a loan for a Honda CR-V 2023 DX (2WD) in KSA?

The terms typically include a minimum down payment, interest rates based on your credit score, loan tenure, and monthly installments. You may also need to provide proof of income and employment.

How does taking a loan for my Honda CR-V affect my credit score?

Taking a loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.

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

Consider your credit score, interest rates offered, loan terms, monthly payments, and total cost of the loan including fees.

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

You will typically need identification, proof of income, bank statements, and details about the vehicle you intend to purchase.

How do interest rates affect my car loan payments?

Higher interest rates increase your monthly payments and overall cost of the loan. Lower rates help reduce these costs.

CarteaCar Loan Calculator

Honda CR-V 2023 DX (2WD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,743

Down Payment

SAR 22,977

Total Cost

SAR 115,893

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,743	SAR 85,173
2	SAR 7,743	SAR 77,430
3	SAR 7,743	SAR 69,687
4	SAR 7,743	SAR 61,944
5	SAR 7,743	SAR 54,201
6	SAR 7,743	SAR 46,458
7	SAR 7,743	SAR 38,715
8	SAR 7,743	SAR 30,972
9	SAR 7,743	SAR 23,229
10	SAR 7,743	SAR 15,486
11	SAR 7,743	SAR 7,743
12	SAR 7,743	SAR 0

Monthly Payment Composition

Interest: 84

Principal: 7659

Honda CR-V 2023 DX (2WD) Car Loan Calculator FAQs in KSA

The terms typically include a minimum down payment, interest rates based on your credit score, loan tenure, and monthly installments. You may also need to provide proof of income and employment.
Taking a loan can affect your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
Consider your credit score, interest rates offered, loan terms, monthly payments, and total cost of the loan including fees.
You will typically need identification, proof of income, bank statements, and details about the vehicle you intend to purchase.
Higher interest rates increase your monthly payments and overall cost of the loan. Lower rates help reduce these costs.