What is the car loan process for purchasing a Hyundai Palisade 2024 3.8L GDi (AWD) Comfort in KSA?

To obtain a car loan for the Hyundai Palisade 2024, you need to provide your identity documents, proof of income, and the car’s details to a bank or finance company. They will assess your creditworthiness and offer you a loan based on their criteria.

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

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score. However, missing payments can negatively impact it.

What should I consider before applying for a car loan in KSA?

Before applying, consider your budget, interest rates, loan terms, and the total cost of the vehicle. Make sure you can afford the monthly payments without straining your finances.

What factors can affect the car loan interest rate in KSA?

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

Can I refinance my car loan after purchasing the Hyundai Palisade 2024?

Yes, you can refinance your car loan after purchase. This can help you secure a better interest rate or lower monthly payments, but make sure to compare offers from different lenders.

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Hyundai Palisade 2024 3.8L GDi (AWD) Comfort Car Loan Calculator in KSA

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

Calculation Of Loans

Total Car PriceSAR 170,775

Down PaymentSAR 34,155

Monthly PaymentSAR 11,509
Total CostSAR 172,263
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	SAR 11,509	SAR 126,599
2	SAR 11,509	SAR 115,090
3	SAR 11,509	SAR 103,581
4	SAR 11,509	SAR 92,072
5	SAR 11,509	SAR 80,563
6	SAR 11,509	SAR 69,054
7	SAR 11,509	SAR 57,545
8	SAR 11,509	SAR 46,036
9	SAR 11,509	SAR 34,527
10	SAR 11,509	SAR 23,018
11	SAR 11,509	SAR 11,509
12	SAR 11,509	SAR 0

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Hyundai Palisade 2024 3.8L GDi (AWD) Comfort Car Loan Calculator FAQs in KSA

To obtain a car loan for the Hyundai Palisade 2024, you need to provide your identity documents, proof of income, and the car’s details to a bank or finance company. They will assess your creditworthiness and offer you a loan based on their criteria.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score. However, missing payments can negatively impact it.
Before applying, consider your budget, interest rates, loan terms, and the total cost of the vehicle. Make sure you can afford the monthly payments without straining your finances.
Factors that can affect the interest rate include your credit score, the loan amount, the term of the loan, and the bank's current lending policies.
Yes, you can refinance your car loan after purchase. This can help you secure a better interest rate or lower monthly payments, but make sure to compare offers from different lenders.