What are the key requirements to qualify for a car loan for the Land Rover Defender 2023 90 SE (P300) in KSA?

To qualify for a car loan, you typically need to provide proof of income, a valid residency permit, a good credit score, and identification documents.

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

Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lead to a negative impact.

What factors can affect the interest rate on a car loan for the Land Rover Defender 2023 in KSA?

Factors include your credit score, loan amount, loan term, and the lender's policies.

What documents do I need to provide when applying for a car loan in KSA?

You will typically need to provide your ID, proof of income, bank statements, and details of the vehicle you intend to purchase.

Are there any hidden fees associated with car loans in KSA?

Yes, common hidden fees may include processing fees, insurance, and early repayment penalties. Always read the loan agreement carefully.

CarteaCar Loan Calculator

Land Rover Defender 2023 90 SE (P300) Car Loan Calculator in KSA

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

Monthly Payment

SAR 17,794

Down Payment

SAR 52,808

Total Cost

SAR 266,336

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 17,794	SAR 195,734
2	SAR 17,794	SAR 177,940
3	SAR 17,794	SAR 160,146
4	SAR 17,794	SAR 142,352
5	SAR 17,794	SAR 124,558
6	SAR 17,794	SAR 106,764
7	SAR 17,794	SAR 88,970
8	SAR 17,794	SAR 71,176
9	SAR 17,794	SAR 53,382
10	SAR 17,794	SAR 35,588
11	SAR 17,794	SAR 17,794
12	SAR 17,794	SAR 0

Monthly Payment Composition

Interest: 192

Principal: 17602

Land Rover Defender 2023 90 SE (P300) Car Loan Calculator FAQs in KSA

To qualify for a car loan, you typically need to provide proof of income, a valid residency permit, a good credit score, and identification documents.
Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lead to a negative impact.
Factors include your credit score, loan amount, loan term, and the lender's policies.
You will typically need to provide your ID, proof of income, bank statements, and details of the vehicle you intend to purchase.
Yes, common hidden fees may include processing fees, insurance, and early repayment penalties. Always read the loan agreement carefully.