What is the car loan process for purchasing a Hyundai Accent 2022 1.6L Mid Option in KSA?

The car loan process typically involves selecting the vehicle, submitting your financial documents, getting pre-approved, and then finalizing the loan with the bank or financial institution.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score. It may improve your score if you make timely payments, but missing payments can negatively impact it.

What factors should I consider when applying for a car loan in KSA?

Consider your credit score, loan amount, interest rates, repayment terms, and any additional fees or insurance requirements.

What are the typical interest rates for car loans in KSA?

Interest rates for car loans in KSA can vary based on the bank, your credit history, and current market conditions, typically ranging from 3% to 6%.

Are there any additional costs associated with a car loan in KSA?

Yes, additional costs may include processing fees, insurance, registration fees, and any early repayment penalties.

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Hyundai Accent 2022 1.6L Mid Option Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,986

Down Payment

SAR 14,797

Total Cost

SAR 74,629

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,986	SAR 54,846
2	SAR 4,986	SAR 49,860
3	SAR 4,986	SAR 44,874
4	SAR 4,986	SAR 39,888
5	SAR 4,986	SAR 34,902
6	SAR 4,986	SAR 29,916
7	SAR 4,986	SAR 24,930
8	SAR 4,986	SAR 19,944
9	SAR 4,986	SAR 14,958
10	SAR 4,986	SAR 9,972
11	SAR 4,986	SAR 4,986
12	SAR 4,986	SAR 0

Monthly Payment Composition

Interest: 54

Principal: 4932

Hyundai Accent 2022 1.6L Mid Option Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, submitting your financial documents, getting pre-approved, and then finalizing the loan with the bank or financial institution.
Yes, taking a car loan can affect your credit score. It may improve your score if you make timely payments, but missing payments can negatively impact it.
Consider your credit score, loan amount, interest rates, repayment terms, and any additional fees or insurance requirements.
Interest rates for car loans in KSA can vary based on the bank, your credit history, and current market conditions, typically ranging from 3% to 6%.
Yes, additional costs may include processing fees, insurance, registration fees, and any early repayment penalties.