What is a car loan for the Hyundai Elantra 2024 1.6L Fleet in KSA?

A car loan is a financial agreement where a bank or financial institution lends you money to purchase the Hyundai Elantra 2024 1.6L Fleet, which you will repay over a specified period with interest.

How can I apply for a car loan for the Hyundai Elantra 2024 1.6L Fleet?

You can apply for a car loan by visiting a bank or financial institution's website, filling out an application form, and submitting necessary documents such as your ID, income proof, and credit history.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can lower it.

What should I be aware of when taking a car loan?

Be aware of the interest rates, loan terms, monthly payments, and any hidden fees. Additionally, ensure you understand the repayment plan.

What factors influence the car loan interest rates?

Factors include your credit score, the loan amount, the loan term, and current market interest rates. Banks may also consider your income and debt-to-income ratio.

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Hyundai Elantra 2024 1.6L Fleet Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,047

Down Payment

SAR 17,945

Total Cost

SAR 90,509

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,047	SAR 66,517
2	SAR 6,047	SAR 60,470
3	SAR 6,047	SAR 54,423
4	SAR 6,047	SAR 48,376
5	SAR 6,047	SAR 42,329
6	SAR 6,047	SAR 36,282
7	SAR 6,047	SAR 30,235
8	SAR 6,047	SAR 24,188
9	SAR 6,047	SAR 18,141
10	SAR 6,047	SAR 12,094
11	SAR 6,047	SAR 6,047
12	SAR 6,047	SAR 0

Monthly Payment Composition

Interest: 66

Principal: 5981

Hyundai Elantra 2024 1.6L Fleet Car Loan Calculator FAQs in KSA

A car loan is a financial agreement where a bank or financial institution lends you money to purchase the Hyundai Elantra 2024 1.6L Fleet, which you will repay over a specified period with interest.
You can apply for a car loan by visiting a bank or financial institution's website, filling out an application form, and submitting necessary documents such as your ID, income proof, and credit history.
Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can lower it.
Be aware of the interest rates, loan terms, monthly payments, and any hidden fees. Additionally, ensure you understand the repayment plan.
Factors include your credit score, the loan amount, the loan term, and current market interest rates. Banks may also consider your income and debt-to-income ratio.