What are the terms and conditions for obtaining a loan for the Land Rover Defender 2023 110 HSE (P400) in KSA?

The terms generally include a minimum down payment, loan tenure, interest rates, and proof of income. It's advisable to check with local banks for specific details.

How does taking a loan for a car affect my credit score in KSA?

Taking a loan can impact your credit score positively or negatively depending on your repayment behavior. Timely payments can improve your score, while missed payments can lower it.

What documents are required to apply for a loan for the Land Rover Defender 2023 in KSA?

Typically, you will need to provide identification, proof of income, bank statements, and possibly a credit report. Each bank may have slightly different requirements.

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

Interest rates can be influenced by your credit score, the loan amount, the duration of the loan, and the current economic conditions. Banks may also offer promotional rates.

Can I refinance my car loan for the Land Rover Defender 2023 later on?

Yes, refinancing is possible if you are looking for better terms or lower interest rates. It's essential to check with your lender about the refinancing process and any associated fees.

CarteaCar Loan Calculator

Land Rover Defender 2023 110 HSE (P400) Car Loan Calculator in KSA

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

Monthly Payment

SAR 25,506

Down Payment

SAR 75,693

Total Cost

SAR 381,765

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 25,506	SAR 280,566
2	SAR 25,506	SAR 255,060
3	SAR 25,506	SAR 229,554
4	SAR 25,506	SAR 204,048
5	SAR 25,506	SAR 178,542
6	SAR 25,506	SAR 153,036
7	SAR 25,506	SAR 127,530
8	SAR 25,506	SAR 102,024
9	SAR 25,506	SAR 76,518
10	SAR 25,506	SAR 51,012
11	SAR 25,506	SAR 25,506
12	SAR 25,506	SAR 0

Monthly Payment Composition

Interest: 275

Principal: 25231

Land Rover Defender 2023 110 HSE (P400) Car Loan Calculator FAQs in KSA

The terms generally include a minimum down payment, loan tenure, interest rates, and proof of income. It's advisable to check with local banks for specific details.
Taking a loan can impact your credit score positively or negatively depending on your repayment behavior. Timely payments can improve your score, while missed payments can lower it.
Typically, you will need to provide identification, proof of income, bank statements, and possibly a credit report. Each bank may have slightly different requirements.
Interest rates can be influenced by your credit score, the loan amount, the duration of the loan, and the current economic conditions. Banks may also offer promotional rates.
Yes, refinancing is possible if you are looking for better terms or lower interest rates. It's essential to check with your lender about the refinancing process and any associated fees.