What are the eligibility criteria for obtaining a car loan for Hyundai Accent 2020 1.4L Base in KSA?

To qualify for a car loan in KSA, you generally need to be at least 21 years old, have a stable income, and a good credit history.

How does taking a car loan affect my credit score?

Taking a car loan can impact your credit score positively if you make timely repayments, but missed payments can lead to a decrease in your score.

You will typically need to provide your ID, proof of income, bank statements, and details of the vehicle.

Factors include your credit score, the loan amount, the loan term, and the lender's policies.

Many lenders allow early repayment, but it's essential to check if there are any prepayment penalties in your loan agreement.

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

SAR 3,596

SAR 10,670

SAR 53,822

Interest: 40

Principal: 3556

To qualify for a car loan in KSA, you generally need to be at least 21 years old, have a stable income, and a good credit history.
Taking a car loan can impact your credit score positively if you make timely repayments, but missed payments can lead to a decrease in your score.
You will typically need to provide your ID, proof of income, bank statements, and details of the vehicle.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.
Many lenders allow early repayment, but it's essential to check if there are any prepayment penalties in your loan agreement.