What is the car loan process for purchasing a Honda HR-V 2023 1.8 i-VTEC EX in KSA?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation such as proof of income, and selecting a loan term that suits your budget.

Will taking a car loan affect my credit score?

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

What should I consider before applying for a car loan?

You should consider your budget, the total cost of the loan including interest rates, loan term, and your ability to make monthly payments.

What factors influence the car loan interest rates in KSA?

Factors include your credit score, the loan amount, the term of the loan, and current market conditions.

Can I get a car loan with a low credit score?

It is possible to get a car loan with a low credit score, but you may face higher interest rates and may need a co-signer.

CarteaCar Loan Calculator

Honda HR-V 2023 1.8 i-VTEC EX Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,665

Down Payment

SAR 22,747

Total Cost

SAR 114,727

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,665	SAR 84,315
2	SAR 7,665	SAR 76,650
3	SAR 7,665	SAR 68,985
4	SAR 7,665	SAR 61,320
5	SAR 7,665	SAR 53,655
6	SAR 7,665	SAR 45,990
7	SAR 7,665	SAR 38,325
8	SAR 7,665	SAR 30,660
9	SAR 7,665	SAR 22,995
10	SAR 7,665	SAR 15,330
11	SAR 7,665	SAR 7,665
12	SAR 7,665	SAR 0

Monthly Payment Composition

Interest: 83

Principal: 7582

Honda HR-V 2023 1.8 i-VTEC EX Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documentation such as proof of income, and selecting a loan term that suits your budget.
Yes, taking a car loan can affect your credit score positively if you make timely payments, but late payments can negatively impact your score.
You should consider your budget, the total cost of the loan including interest rates, loan term, and your ability to make monthly payments.
Factors include your credit score, the loan amount, the term of the loan, and current market conditions.
It is possible to get a car loan with a low credit score, but you may face higher interest rates and may need a co-signer.