What is the process for obtaining a car loan for the Mitsubishi Attrage 2023 1.2 GLX HL in KSA?

To obtain a car loan for the Mitsubishi Attrage 2023 in KSA, you need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and details about the car, then complete the loan application process.

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

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

What factors should I consider when applying for a car loan for the Mitsubishi Attrage 2023?

Consider the interest rate, loan term, monthly payment amount, and any additional fees. Also, ensure you understand the loan terms and conditions.

How do I calculate my monthly payment for a car loan?

You can calculate your monthly payment using the formula:P = [r * PV] / [1 - (1 + r)^-n], where P is the monthly payment, r is the monthly interest rate, PV is the loan amount, and n is the number of payments.

What can affect the interest rate for my car loan?

Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the bank's current rates.

CarteaCar Loan Calculator

Mitsubishi Attrage 2023 1.2 GLX HL Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,565

Down Payment

SAR 10,580

Total Cost

SAR 53,360

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,565	SAR 39,215
2	SAR 3,565	SAR 35,650
3	SAR 3,565	SAR 32,085
4	SAR 3,565	SAR 28,520
5	SAR 3,565	SAR 24,955
6	SAR 3,565	SAR 21,390
7	SAR 3,565	SAR 17,825
8	SAR 3,565	SAR 14,260
9	SAR 3,565	SAR 10,695
10	SAR 3,565	SAR 7,130
11	SAR 3,565	SAR 3,565
12	SAR 3,565	SAR 0

Monthly Payment Composition

Interest: 39

Principal: 3526

Mitsubishi Attrage 2023 1.2 GLX HL Car Loan Calculator FAQs in KSA

To obtain a car loan for the Mitsubishi Attrage 2023 in KSA, you need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and details about the car, then complete the loan application process.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, monthly payment amount, and any additional fees. Also, ensure you understand the loan terms and conditions.
You can calculate your monthly payment using the formula:P = [r * PV] / [1 - (1 + r)^-n], where P is the monthly payment, r is the monthly interest rate, PV is the loan amount, and n is the number of payments.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the bank's current rates.