What is the loan process for purchasing the Hongqi E-HS9 2024 Deluxe in KSA?

The loan process typically involves submitting your application to a bank, providing necessary documents like proof of income and identity, and then waiting for approval before finalizing the purchase.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.

What factors influence the interest rates for car loans in KSA?

Interest rates for car loans are influenced by factors such as your credit score, loan term, and the lender's policies.

What should I consider before applying for a car loan for the Hongqi E-HS9?

Before applying, consider your budget, the total cost of the vehicle, your repayment ability, and comparing offers from different banks.

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

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

CarteaCar Loan Calculator

Hongqi E-HS9 2024 Deluxe (6 Seats) Car Loan Calculator in KSA

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

Monthly Payment

SAR 31,196

Down Payment

SAR 92,580

Total Cost

SAR 466,932

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 31,196	SAR 343,156
2	SAR 31,196	SAR 311,960
3	SAR 31,196	SAR 280,764
4	SAR 31,196	SAR 249,568
5	SAR 31,196	SAR 218,372
6	SAR 31,196	SAR 187,176
7	SAR 31,196	SAR 155,980
8	SAR 31,196	SAR 124,784
9	SAR 31,196	SAR 93,588
10	SAR 31,196	SAR 62,392
11	SAR 31,196	SAR 31,196
12	SAR 31,196	SAR 0

Monthly Payment Composition

Interest: 336

Principal: 30860

Hongqi E-HS9 2024 Deluxe (6 Seats) Car Loan Calculator FAQs in KSA

The loan process typically involves submitting your application to a bank, providing necessary documents like proof of income and identity, and then waiting for approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Interest rates for car loans are influenced by factors such as your credit score, loan term, and the lender's policies.
Before applying, consider your budget, the total cost of the vehicle, your repayment ability, and comparing offers from different banks.
Typically, you will need to provide identification, proof of income, bank statements, and sometimes a credit report.