What are the common requirements for obtaining a car loan for the Hongqi HS5 2023 2.0T Deluxe in KSA?

Common requirements include proof of income, valid ID, residency status, and a good credit score.

How does taking a car loan affect my credit score in KSA?

Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact it.

You typically need to provide identification, proof of income, bank statements, and vehicle details.

Yes, there may be processing fees, insurance costs, and early repayment fees associated with car loans.

Factors include your credit score, loan term, down payment, and current market interest rates.

CarteaCar Loan Calculator

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

Total Car Price-

Down PaymentSAR 27,180

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 108,902	SAR 0

Common requirements include proof of income, valid ID, residency status, and a good credit score.
Taking a car loan can affect your credit score positively if you make timely payments, but missed payments can negatively impact it.
You typically need to provide identification, proof of income, bank statements, and vehicle details.
Yes, there may be processing fees, insurance costs, and early repayment fees associated with car loans.
Factors include your credit score, loan term, down payment, and current market interest rates.