What is the car loan process for purchasing a Hyundai Tucson 2023 2.0L Comfort (AWD) in KSA?

The car loan process typically involves applying through a bank or financial institution, providing necessary documentation, and getting approved based on your creditworthiness.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can harm it.

What documents do I need to provide for a car loan application?

Typically, you will need to provide a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

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

Factors include your credit score, the loan amount, the term length, and the lender's policies.

Are there any fees associated with obtaining a car loan in KSA?

Yes, there may be processing fees, insurance costs, and possibly prepayment penalties, depending on the lender.

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Hyundai Tucson 2023 2.0L Comfort (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,458

Down Payment

SAR 25,100

Total Cost

SAR 126,596

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,458	SAR 93,038
2	SAR 8,458	SAR 84,580
3	SAR 8,458	SAR 76,122
4	SAR 8,458	SAR 67,664
5	SAR 8,458	SAR 59,206
6	SAR 8,458	SAR 50,748
7	SAR 8,458	SAR 42,290
8	SAR 8,458	SAR 33,832
9	SAR 8,458	SAR 25,374
10	SAR 8,458	SAR 16,916
11	SAR 8,458	SAR 8,458
12	SAR 8,458	SAR 0

Monthly Payment Composition

Interest: 92

Principal: 8366

Hyundai Tucson 2023 2.0L Comfort (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying through a bank or financial institution, providing necessary documentation, and getting approved based on your creditworthiness.
Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can harm it.
Typically, you will need to provide a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.
Factors include your credit score, the loan amount, the term length, and the lender's policies.
Yes, there may be processing fees, insurance costs, and possibly prepayment penalties, depending on the lender.