What is the financing process for purchasing a Mitsubishi Eclipse Cross 2023 1.5T GLS Highline Diamonde in KSA?

The financing process typically involves filling out a loan application, providing necessary documents such as identification and income proof, and then the bank will evaluate your creditworthiness before offering a loan.

Will taking a loan for the Mitsubishi Eclipse Cross affect my credit score?

Yes, taking a loan can affect your credit score as it increases your credit utilization ratio and may involve a hard inquiry on your credit report.

What factors should I consider when applying for a car loan in KSA?

Consider your credit score, the interest rates offered by different banks, the loan tenure, and any additional fees or insurance required.

What are the typical interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and the borrower's credit profile.

What documents are required for applying for a car loan in KSA?

You typically need to provide a copy of your ID, proof of income, bank statements, and sometimes a credit report.

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Mitsubishi Eclipse Cross 2023 1.5T GLS Highline Diamonde Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,750

Down Payment

SAR 23,000

Total Cost

SAR 116,000

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,750	SAR 85,250
2	SAR 7,750	SAR 77,500
3	SAR 7,750	SAR 69,750
4	SAR 7,750	SAR 62,000
5	SAR 7,750	SAR 54,250
6	SAR 7,750	SAR 46,500
7	SAR 7,750	SAR 38,750
8	SAR 7,750	SAR 31,000
9	SAR 7,750	SAR 23,250
10	SAR 7,750	SAR 15,500
11	SAR 7,750	SAR 7,750
12	SAR 7,750	SAR 0

Monthly Payment Composition

Interest: 84

Principal: 7666

Mitsubishi Eclipse Cross 2023 1.5T GLS Highline Diamonde Car Loan Calculator FAQs in KSA

The financing process typically involves filling out a loan application, providing necessary documents such as identification and income proof, and then the bank will evaluate your creditworthiness before offering a loan.
Yes, taking a loan can affect your credit score as it increases your credit utilization ratio and may involve a hard inquiry on your credit report.
Consider your credit score, the interest rates offered by different banks, the loan tenure, and any additional fees or insurance required.
Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and the borrower's credit profile.
You typically need to provide a copy of your ID, proof of income, bank statements, and sometimes a credit report.