What is the car loan process for purchasing a Hyundai Accent 2021 1.4L Mid in KSA?

The car loan process generally involves applying for a loan with a bank or financial institution, providing necessary documents, getting approval, and signing a loan agreement.

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 lower it.

What factors should I consider when applying for a car loan for a Hyundai Accent?

Consider interest rates, loan terms, your credit history, down payment, and the total cost of the vehicle.

What are the common requirements for obtaining a car loan in KSA?

Common requirements include proof of income, identification documents, a good credit score, and sometimes a down payment.

What can affect the interest rate of my car loan in KSA?

Factors include your credit score, the loan amount, the term of the loan, and the financial institution’s policies.

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Hyundai Accent 2021 1.4L Mid Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,505

Down Payment

SAR 10,400

Total Cost

SAR 52,460

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,505	SAR 38,555
2	SAR 3,505	SAR 35,050
3	SAR 3,505	SAR 31,545
4	SAR 3,505	SAR 28,040
5	SAR 3,505	SAR 24,535
6	SAR 3,505	SAR 21,030
7	SAR 3,505	SAR 17,525
8	SAR 3,505	SAR 14,020
9	SAR 3,505	SAR 10,515
10	SAR 3,505	SAR 7,010
11	SAR 3,505	SAR 3,505
12	SAR 3,505	SAR 0

Monthly Payment Composition

Interest: 39

Principal: 3466

Hyundai Accent 2021 1.4L Mid Car Loan Calculator FAQs in KSA

The car loan process generally involves applying for a loan with a bank or financial institution, providing necessary documents, getting approval, and signing a loan agreement.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider interest rates, loan terms, your credit history, down payment, and the total cost of the vehicle.
Common requirements include proof of income, identification documents, a good credit score, and sometimes a down payment.
Factors include your credit score, the loan amount, the term of the loan, and the financial institution’s policies.