What is the loan process for purchasing a Hyundai Venue 2023 1.6L SEL in KSA?

The loan process typically involves selecting a bank, submitting your application with required documents, and waiting for approval. After approval, the bank will disburse the loan amount to the dealer.

Will taking a loan for the Hyundai Venue affect my credit score?

Yes, taking a loan can impact your credit score. Timely payments may improve your score, while missed payments can negatively affect it.

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

Consider your income, credit history, loan terms, interest rates, and any additional fees or insurance requirements.

How does the interest rate on car loans in KSA vary?

Interest rates can vary based on factors such as the bank, your credit score, the loan amount, and the loan duration.

Are there any additional costs associated with car loans in KSA?

Yes, additional costs may include processing fees, insurance, registration fees, and potential penalties for early repayment.

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Hyundai Venue 2023 1.6L SEL Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,374

Down Payment

SAR 15,947

Total Cost

SAR 80,435

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,374	SAR 59,114
2	SAR 5,374	SAR 53,740
3	SAR 5,374	SAR 48,366
4	SAR 5,374	SAR 42,992
5	SAR 5,374	SAR 37,618
6	SAR 5,374	SAR 32,244
7	SAR 5,374	SAR 26,870
8	SAR 5,374	SAR 21,496
9	SAR 5,374	SAR 16,122
10	SAR 5,374	SAR 10,748
11	SAR 5,374	SAR 5,374
12	SAR 5,374	SAR 0

Monthly Payment Composition

Interest: 59

Principal: 5315

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

The loan process typically involves selecting a bank, submitting your application with required documents, and waiting for approval. After approval, the bank will disburse the loan amount to the dealer.
Yes, taking a loan can impact your credit score. Timely payments may improve your score, while missed payments can negatively affect it.
Consider your income, credit history, loan terms, interest rates, and any additional fees or insurance requirements.
Interest rates can vary based on factors such as the bank, your credit score, the loan amount, and the loan duration.
Yes, additional costs may include processing fees, insurance, registration fees, and potential penalties for early repayment.