What is the car loan process for purchasing a Hyundai Creta 2023 1.5L Mid 2Tone in KSA?

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

Will taking out a loan for a Hyundai Creta 2023 affect my credit score?

Yes, taking out a car loan can impact your credit score as it increases your credit utilization and involves a hard inquiry into your credit report.

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

Consider your budget, the interest rates offered, loan terms, and your repayment capacity to avoid financial strain.

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

Factors include your credit score, the loan term, the lender's policies, and the overall economic conditions.

Are there any additional fees I should be aware of when taking a car loan in KSA?

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

CarteaCar Loan Calculator

Hyundai Creta 2023 1.5L Mid 2Tone Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,691

Down Payment

SAR 19,857

Total Cost

SAR 100,149

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,691	SAR 73,601
2	SAR 6,691	SAR 66,910
3	SAR 6,691	SAR 60,219
4	SAR 6,691	SAR 53,528
5	SAR 6,691	SAR 46,837
6	SAR 6,691	SAR 40,146
7	SAR 6,691	SAR 33,455
8	SAR 6,691	SAR 26,764
9	SAR 6,691	SAR 20,073
10	SAR 6,691	SAR 13,382
11	SAR 6,691	SAR 6,691
12	SAR 6,691	SAR 0

Monthly Payment Composition

Interest: 72

Principal: 6619

Hyundai Creta 2023 1.5L Mid 2Tone Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, providing necessary documents, and getting approval before finalizing the purchase.
Yes, taking out a car loan can impact your credit score as it increases your credit utilization and involves a hard inquiry into your credit report.
Consider your budget, the interest rates offered, loan terms, and your repayment capacity to avoid financial strain.
Factors include your credit score, the loan term, the lender's policies, and the overall economic conditions.
Yes, additional fees may include processing fees, insurance costs, and early repayment penalties.