Hyundai i10 2024 1.2L MPI Car Loan Calculator in KSA

To be eligible for a car loan, you usually need to be at least 21 years old, have a stable income, and a good credit score.

You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing required documents like ID, income proof, and car details.

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score; however, missed payments can harm it.

Consider the interest rate, loan term, monthly payment amount, and your overall budget. Make sure you can afford the loan payments without straining your finances.

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