What is the car loan interest rate for a Hyundai Accent 2020 1.6L Base in KSA?

The interest rate for a car loan in KSA typically ranges from 3% to 6% depending on the bank and your credit score.

How can I apply for a car loan for the Hyundai Accent 2020?

You can apply for a car loan by visiting your chosen bank's website or branch, filling out an application form, and providing necessary documentation like ID, proof of income, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score positively if you make timely payments, but missed payments can lower your score.

What should I be aware of when taking a car loan?

Be aware of the total cost of the loan, interest rates, repayment terms, and any additional fees such as processing or insurance charges.

What factors can affect the loan currency exchange rate in KSA?

Factors include market demand, economic stability, central bank policies, and geopolitical events that can influence currency strength.

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Hyundai Accent 2020 1.6L Base Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,596

Down Payment

SAR 10,670

Total Cost

SAR 53,822

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,596	SAR 39,556
2	SAR 3,596	SAR 35,960
3	SAR 3,596	SAR 32,364
4	SAR 3,596	SAR 28,768
5	SAR 3,596	SAR 25,172
6	SAR 3,596	SAR 21,576
7	SAR 3,596	SAR 17,980
8	SAR 3,596	SAR 14,384
9	SAR 3,596	SAR 10,788
10	SAR 3,596	SAR 7,192
11	SAR 3,596	SAR 3,596
12	SAR 3,596	SAR 0

Monthly Payment Composition

Interest: 40

Principal: 3556

Hyundai Accent 2020 1.6L Base Car Loan Calculator FAQs in KSA

The interest rate for a car loan in KSA typically ranges from 3% to 6% depending on the bank and your credit score.
You can apply for a car loan by visiting your chosen bank's website or branch, filling out an application form, and providing necessary documentation like ID, proof of income, and vehicle details.
Yes, taking a car loan can impact your credit score positively if you make timely payments, but missed payments can lower your score.
Be aware of the total cost of the loan, interest rates, repayment terms, and any additional fees such as processing or insurance charges.
Factors include market demand, economic stability, central bank policies, and geopolitical events that can influence currency strength.