What is the car loan process for purchasing a Hyundai Accent 2023 1.4L Mid in KSA?

The process typically involves selecting the car, applying for a loan through a bank or financing company, providing necessary documents, and getting approval before making the purchase.

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 negatively impact it.

What documents do I need to provide when applying for a car loan in KSA?

Typically, you need to provide proof of income, identification, residency, and details about the car you intend to purchase.

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

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

Are there any fees associated with obtaining a car loan in KSA?

Yes, there may be processing fees, insurance costs, and other charges depending on the lender's terms.

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Hyundai Accent 2023 1.4L Mid Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,493

Down Payment

SAR 16,300

Total Cost

SAR 82,216

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,493	SAR 60,423
2	SAR 5,493	SAR 54,930
3	SAR 5,493	SAR 49,437
4	SAR 5,493	SAR 43,944
5	SAR 5,493	SAR 38,451
6	SAR 5,493	SAR 32,958
7	SAR 5,493	SAR 27,465
8	SAR 5,493	SAR 21,972
9	SAR 5,493	SAR 16,479
10	SAR 5,493	SAR 10,986
11	SAR 5,493	SAR 5,493
12	SAR 5,493	SAR 0

Monthly Payment Composition

Interest: 60

Principal: 5433

Hyundai Accent 2023 1.4L Mid Car Loan Calculator FAQs in KSA

The process typically involves selecting the car, applying for a loan through a bank or financing company, providing necessary documents, and getting approval before making the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Typically, you need to provide proof of income, identification, residency, and details about the car you intend to purchase.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, there may be processing fees, insurance costs, and other charges depending on the lender's terms.