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

The car loan process typically involves selecting the vehicle, applying for a loan through your bank, providing necessary documents, and then signing the loan agreement after approval.

Will taking a car loan affect my credit score?

Yes, taking out a car loan can affect your credit score as it will involve a hard inquiry on your credit report and increase your debt-to-income ratio.

What should I be aware of when applying for a car loan?

Be aware of the interest rates, loan terms, your credit history, and any additional fees associated with the loan.

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

Factors that can affect the interest rate include your credit score, income level, the loan amount, and the length of the loan.

Are there any special promotions or offers for Hyundai Venue financing in KSA?

Yes, many banks and dealerships may offer special promotions or financing options for Hyundai Venue. It's best to inquire directly with them for the latest offers.

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Hyundai Venue 2024 1.6L SEL Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,691

Down Payment

SAR 16,887

Total Cost

SAR 85,179

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,691	SAR 62,601
2	SAR 5,691	SAR 56,910
3	SAR 5,691	SAR 51,219
4	SAR 5,691	SAR 45,528
5	SAR 5,691	SAR 39,837
6	SAR 5,691	SAR 34,146
7	SAR 5,691	SAR 28,455
8	SAR 5,691	SAR 22,764
9	SAR 5,691	SAR 17,073
10	SAR 5,691	SAR 11,382
11	SAR 5,691	SAR 5,691
12	SAR 5,691	SAR 0

Monthly Payment Composition

Interest: 62

Principal: 5629

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

The car loan process typically involves selecting the vehicle, applying for a loan through your bank, providing necessary documents, and then signing the loan agreement after approval.
Yes, taking out a car loan can affect your credit score as it will involve a hard inquiry on your credit report and increase your debt-to-income ratio.
Be aware of the interest rates, loan terms, your credit history, and any additional fees associated with the loan.
Factors that can affect the interest rate include your credit score, income level, the loan amount, and the length of the loan.
Yes, many banks and dealerships may offer special promotions or financing options for Hyundai Venue. It's best to inquire directly with them for the latest offers.