What is the process for obtaining a car loan for a Hyundai Accent 2021 1.6L Base in KSA?

To obtain a car loan in KSA, you need to choose a bank or financial institution, submit necessary documents such as your ID, proof of income, and a purchase agreement, and then apply for the loan. The bank will assess your application based on your financial status.

Will taking out a loan for the Hyundai Accent affect my credit score?

Yes, taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.

What factors should I consider before applying for a car loan?

Consider your monthly budget, interest rates, loan term, and any additional fees. Make sure the loan fits comfortably within your financial situation.

How does the interest rate on my car loan get determined?

Interest rates are determined based on various factors, including your credit score, the loan amount, the loan term, and the bank's policies.

Are there any penalties for paying off my car loan early?

Some banks may charge a penalty for early repayment of the loan. It's important to check the terms of your loan agreement.

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Hyundai Accent 2021 1.6L Base Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,505

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 1.6L Base Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you need to choose a bank or financial institution, submit necessary documents such as your ID, proof of income, and a purchase agreement, and then apply for the loan. The bank will assess your application based on your financial status.
Yes, taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.
Consider your monthly budget, interest rates, loan term, and any additional fees. Make sure the loan fits comfortably within your financial situation.
Interest rates are determined based on various factors, including your credit score, the loan amount, the loan term, and the bank's policies.
Some banks may charge a penalty for early repayment of the loan. It's important to check the terms of your loan agreement.