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

The car loan for Hyundai Elantra 2024 1.6L Premium in KSA typically covers a percentage of the car's value, with various banks offering different interest rates and terms.

How do I apply for a car loan for Hyundai Elantra 2024 in KSA?

To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents like your ID, salary slip, and complete the application form.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan may temporarily lower your credit score due to the hard inquiry made by the bank.

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

You should be aware of the interest rates, loan terms, processing fees, and your ability to repay the loan on time.

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

Factors that can affect the interest rate include your credit score, loan amount, repayment term, and the bank's current rate policy.

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Hyundai Elantra 2024 1.6L Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,675

Down Payment

SAR 22,775

Total Cost

SAR 114,875

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,675	SAR 84,425
2	SAR 7,675	SAR 76,750
3	SAR 7,675	SAR 69,075
4	SAR 7,675	SAR 61,400
5	SAR 7,675	SAR 53,725
6	SAR 7,675	SAR 46,050
7	SAR 7,675	SAR 38,375
8	SAR 7,675	SAR 30,700
9	SAR 7,675	SAR 23,025
10	SAR 7,675	SAR 15,350
11	SAR 7,675	SAR 7,675
12	SAR 7,675	SAR 0

Monthly Payment Composition

Interest: 84

Principal: 7591

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

The car loan for Hyundai Elantra 2024 1.6L Premium in KSA typically covers a percentage of the car's value, with various banks offering different interest rates and terms.
To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents like your ID, salary slip, and complete the application form.
Yes, applying for a car loan may temporarily lower your credit score due to the hard inquiry made by the bank.
You should be aware of the interest rates, loan terms, processing fees, and your ability to repay the loan on time.
Factors that can affect the interest rate include your credit score, loan amount, repayment term, and the bank's current rate policy.