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

The car loan process typically involves applying for the loan through a bank or financial institution, providing necessary documents such as identification, proof of income, and details about the vehicle. Once approved, you will sign a contract and make monthly payments.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, while missed payments can have a negative impact.

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

You should consider factors such as the interest rate, loan term, monthly payment amount, your credit history, and any additional fees or charges.

How does the interest rate on car loans in KSA vary?

Interest rates on car loans can vary based on the lender, your credit score, the loan amount, and the duration of the loan. It's important to compare offers from different banks.

What documents are required for a car loan application in KSA?

Typically, you will need to provide identification (such as an ID or passport), proof of income (like pay stubs or bank statements), and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

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

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

Monthly Payment

SAR 7,278

Down Payment

SAR 21,597

Total Cost

SAR 108,933

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,278	SAR 80,058
2	SAR 7,278	SAR 72,780
3	SAR 7,278	SAR 65,502
4	SAR 7,278	SAR 58,224
5	SAR 7,278	SAR 50,946
6	SAR 7,278	SAR 43,668
7	SAR 7,278	SAR 36,390
8	SAR 7,278	SAR 29,112
9	SAR 7,278	SAR 21,834
10	SAR 7,278	SAR 14,556
11	SAR 7,278	SAR 7,278
12	SAR 7,278	SAR 0

Monthly Payment Composition

Interest: 79

Principal: 7199

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

The car loan process typically involves applying for the loan through a bank or financial institution, providing necessary documents such as identification, proof of income, and details about the vehicle. Once approved, you will sign a contract and make monthly payments.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, while missed payments can have a negative impact.
You should consider factors such as the interest rate, loan term, monthly payment amount, your credit history, and any additional fees or charges.
Interest rates on car loans can vary based on the lender, your credit score, the loan amount, and the duration of the loan. It's important to compare offers from different banks.
Typically, you will need to provide identification (such as an ID or passport), proof of income (like pay stubs or bank statements), and details about the vehicle you wish to purchase.