What is the car loan process for purchasing a Hyundai Creta 2024 1.5L Mid 2Tone in KSA?

The car loan process generally involves selecting the vehicle, submitting a loan application to a bank or financial institution, providing necessary documents such as income proof and identification, and then awaiting approval. Once approved, you can finalize the purchase.

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

Yes, taking a car loan can impact your credit score. Making timely payments can improve your score, while missed payments can lower it. Ensure you manage your loan responsibly.

What factors affect the interest rate for a car loan in KSA?

Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the bank's policies. A higher credit score usually results in a lower interest rate.

What documents are required to apply for a car loan in KSA?

Common documents include a copy of your ID, proof of income (such as salary slips), bank statements, and residency proof. Some banks may require additional documentation.

What should I be aware of when taking a car loan for Hyundai Creta 2024 in KSA?

Be aware of the total cost of the loan, including interest rates and fees. Also, understand the repayment terms and ensure that they fit your budget.

CarteaCar Loan Calculator

Hyundai Creta 2024 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 6,931

Down Payment

SAR 20,567

Total Cost

SAR 103,739

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,931	SAR 76,241
2	SAR 6,931	SAR 69,310
3	SAR 6,931	SAR 62,379
4	SAR 6,931	SAR 55,448
5	SAR 6,931	SAR 48,517
6	SAR 6,931	SAR 41,586
7	SAR 6,931	SAR 34,655
8	SAR 6,931	SAR 27,724
9	SAR 6,931	SAR 20,793
10	SAR 6,931	SAR 13,862
11	SAR 6,931	SAR 6,931
12	SAR 6,931	SAR 0

Monthly Payment Composition

Interest: 76

Principal: 6855

Hyundai Creta 2024 1.5L Mid 2Tone Car Loan Calculator FAQs in KSA

The car loan process generally involves selecting the vehicle, submitting a loan application to a bank or financial institution, providing necessary documents such as income proof and identification, and then awaiting approval. Once approved, you can finalize the purchase.
Yes, taking a car loan can impact your credit score. Making timely payments can improve your score, while missed payments can lower it. Ensure you manage your loan responsibly.
Factors affecting the interest rate include your credit score, the loan amount, the loan term, and the bank's policies. A higher credit score usually results in a lower interest rate.
Common documents include a copy of your ID, proof of income (such as salary slips), bank statements, and residency proof. Some banks may require additional documentation.
Be aware of the total cost of the loan, including interest rates and fees. Also, understand the repayment terms and ensure that they fit your budget.