What is the car loan process for purchasing a Hyundai Venue 2024 1.6L Limited in KSA?

The car loan process typically involves selecting a vehicle, applying for a loan at a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.

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

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

What are the common requirements for obtaining a car loan in KSA?

Common requirements include proof of income, employment verification, identification documents, and a good credit history.

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

Factors include your credit score, loan term, the amount of down payment, and the bank's policies.

What should I be aware of before signing a car loan agreement in KSA?

Be sure to read the terms carefully, understand the total cost including interest, and any penalties for early repayment.

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Hyundai Venue 2024 1.6L Limited Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,078

Down Payment

SAR 18,037

Total Cost

SAR 90,973

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,078	SAR 66,858
2	SAR 6,078	SAR 60,780
3	SAR 6,078	SAR 54,702
4	SAR 6,078	SAR 48,624
5	SAR 6,078	SAR 42,546
6	SAR 6,078	SAR 36,468
7	SAR 6,078	SAR 30,390
8	SAR 6,078	SAR 24,312
9	SAR 6,078	SAR 18,234
10	SAR 6,078	SAR 12,156
11	SAR 6,078	SAR 6,078
12	SAR 6,078	SAR 0

Monthly Payment Composition

Interest: 66

Principal: 6012

Hyundai Venue 2024 1.6L Limited Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a vehicle, applying for a loan at a bank or financial institution, providing necessary documents, and then waiting for approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments may improve your score, while missed payments can lower it.
Common requirements include proof of income, employment verification, identification documents, and a good credit history.
Factors include your credit score, loan term, the amount of down payment, and the bank's policies.
Be sure to read the terms carefully, understand the total cost including interest, and any penalties for early repayment.