What are the eligibility criteria for a car loan for the Hyundai Venue 2023 in KSA?

To qualify for a car loan in KSA, you typically need to be a Saudi citizen or a resident, have a stable income, and provide necessary documents such as your ID, salary slip, and bank statements.

How do I apply for a car loan for the Hyundai Venue 2023?

You can apply for a car loan through a bank or a financing company by filling out an application form and submitting it along with the required documents.

Will taking a car loan affect my credit score?

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

What should I consider before taking a car loan?

Consider the interest rates, loan tenure, your monthly budget, and whether you can afford additional costs such as insurance and maintenance.

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

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

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Hyundai Venue 2023 1.6L Limited Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,839

Down Payment

SAR 17,327

Total Cost

SAR 87,395

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,839	SAR 64,229
2	SAR 5,839	SAR 58,390
3	SAR 5,839	SAR 52,551
4	SAR 5,839	SAR 46,712
5	SAR 5,839	SAR 40,873
6	SAR 5,839	SAR 35,034
7	SAR 5,839	SAR 29,195
8	SAR 5,839	SAR 23,356
9	SAR 5,839	SAR 17,517
10	SAR 5,839	SAR 11,678
11	SAR 5,839	SAR 5,839
12	SAR 5,839	SAR 0

Monthly Payment Composition

Interest: 64

Principal: 5775

Hyundai Venue 2023 1.6L Limited Car Loan Calculator FAQs in KSA

To qualify for a car loan in KSA, you typically need to be a Saudi citizen or a resident, have a stable income, and provide necessary documents such as your ID, salary slip, and bank statements.
You can apply for a car loan through a bank or a financing company by filling out an application form and submitting it along with the required documents.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rates, loan tenure, your monthly budget, and whether you can afford additional costs such as insurance and maintenance.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the specific bank's policies.