Land Cruiser 70 VXR 4.0L (3 Door) Car Loan Calculator in KSA

To be eligible for a car loan, you typically need to be a Saudi citizen or resident, have a stable income, a good credit history, and provide necessary documentation such as your ID, salary certificate, and bank statements.

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.

Consider the interest rate, loan term, monthly payments, down payment, and any additional fees. It's also important to compare offers from different banks.

The typical interest rate for a car loan in KSA can range from 3% to 6% depending on the bank and the borrower's credit profile.

Defaulting on a car loan can lead to the repossession of the vehicle, a significant drop in your credit score, and potential legal action from the bank.