What is the process for applying for a car loan for the Honda HR-V 2024 1.8 i-VTEC EX in KSA?

The process typically involves selecting the car, checking your credit score, applying through a bank or financial institution, submitting required documents, and waiting for approval.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. It may improve your credit mix but can also lower your score temporarily if you miss payments.

What are the key factors that affect the interest rate of my car loan?

Key factors include your credit score, the loan term, the amount of down payment, and the lender's policies.

What documents do I need to provide for a car loan application?

Typically, you will need to provide proof of income, identification, proof of residency, and details about the vehicle.

Are there any hidden fees or charges associated with car loans?

Yes, some lenders may charge processing fees, late payment fees, or early repayment penalties. It's important to read the loan agreement carefully.

CarteaCar Loan Calculator

Honda HR-V 2024 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 8,053

Down Payment

SAR 23,897

Total Cost

SAR 120,533

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,053	SAR 88,583
2	SAR 8,053	SAR 80,530
3	SAR 8,053	SAR 72,477
4	SAR 8,053	SAR 64,424
5	SAR 8,053	SAR 56,371
6	SAR 8,053	SAR 48,318
7	SAR 8,053	SAR 40,265
8	SAR 8,053	SAR 32,212
9	SAR 8,053	SAR 24,159
10	SAR 8,053	SAR 16,106
11	SAR 8,053	SAR 8,053
12	SAR 8,053	SAR 0

Monthly Payment Composition

Interest: 88

Principal: 7965

Honda HR-V 2024 1.8 i-VTEC EX Car Loan Calculator FAQs in KSA

The process typically involves selecting the car, checking your credit score, applying through a bank or financial institution, submitting required documents, and waiting for approval.
Yes, taking a car loan can impact your credit score. It may improve your credit mix but can also lower your score temporarily if you miss payments.
Key factors include your credit score, the loan term, the amount of down payment, and the lender's policies.
Typically, you will need to provide proof of income, identification, proof of residency, and details about the vehicle.
Yes, some lenders may charge processing fees, late payment fees, or early repayment penalties. It's important to read the loan agreement carefully.