What are the loan options available for purchasing a Hyundai Sonata 2023 2.5L Smart Plus in KSA?

In KSA, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and leasing options depending on your financial needs.

How can I apply for a car loan for the Hyundai Sonata 2023 in KSA?

You can apply for a car loan through banks or financial institutions by providing required documents such as ID, salary certificate, and proof of residence.

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

Yes, taking a car loan can affect your credit score as it will show on your credit report. Timely payments can improve your score, while missed payments can lower it.

What should I consider before taking a car loan for the Hyundai Sonata 2023?

Consider the interest rate, loan term, your monthly budget, and the total cost of the loan before making a decision.

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

Factors such as your credit score, the loan amount, the loan term, and current market conditions can affect the interest rate of your car loan.

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Hyundai Sonata 2023 2.5L Smart Plus Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,474

Down Payment

SAR 25,147

Total Cost

SAR 126,835

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,474	SAR 93,214
2	SAR 8,474	SAR 84,740
3	SAR 8,474	SAR 76,266
4	SAR 8,474	SAR 67,792
5	SAR 8,474	SAR 59,318
6	SAR 8,474	SAR 50,844
7	SAR 8,474	SAR 42,370
8	SAR 8,474	SAR 33,896
9	SAR 8,474	SAR 25,422
10	SAR 8,474	SAR 16,948
11	SAR 8,474	SAR 8,474
12	SAR 8,474	SAR 0

Monthly Payment Composition

Interest: 92

Principal: 8382

Hyundai Sonata 2023 2.5L Smart Plus Car Loan Calculator FAQs in KSA

In KSA, you can choose from various loan options such as fixed-rate loans, variable-rate loans, and leasing options depending on your financial needs.
You can apply for a car loan through banks or financial institutions by providing required documents such as ID, salary certificate, and proof of residence.
Yes, taking a car loan can affect your credit score as it will show on your credit report. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, your monthly budget, and the total cost of the loan before making a decision.
Factors such as your credit score, the loan amount, the loan term, and current market conditions can affect the interest rate of your car loan.