What is the car loan process for purchasing a Hyundai Elantra 2023 1.6L Fleet in KSA?

The car loan process typically involves selecting the vehicle, submitting a loan application with required documents, getting approved, and finalizing the loan agreement.

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

Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.

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

Consider your income, credit score, loan terms, interest rates, and the total cost of the vehicle.

How do interest rates affect my car loan for the Hyundai Elantra?

Interest rates determine the total amount you will pay over the loan period; lower rates mean lower total costs.

What documents are typically required for a car loan application?

Typically, you'll need proof of income, identification, residency, and details of the vehicle.

CarteaCar Loan Calculator

Hyundai Elantra 2023 1.6L Fleet Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,769

Down Payment

SAR 17,120

Total Cost

SAR 86,348

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,769	SAR 63,459
2	SAR 5,769	SAR 57,690
3	SAR 5,769	SAR 51,921
4	SAR 5,769	SAR 46,152
5	SAR 5,769	SAR 40,383
6	SAR 5,769	SAR 34,614
7	SAR 5,769	SAR 28,845
8	SAR 5,769	SAR 23,076
9	SAR 5,769	SAR 17,307
10	SAR 5,769	SAR 11,538
11	SAR 5,769	SAR 5,769
12	SAR 5,769	SAR 0

Monthly Payment Composition

Interest: 63

Principal: 5706

Hyundai Elantra 2023 1.6L Fleet Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, submitting a loan application with required documents, getting approved, and finalizing the loan agreement.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider your income, credit score, loan terms, interest rates, and the total cost of the vehicle.
Interest rates determine the total amount you will pay over the loan period; lower rates mean lower total costs.
Typically, you'll need proof of income, identification, residency, and details of the vehicle.