What is the car loan process for purchasing a Mitsubishi Eclipse Cross 2024 1.5T GLX in KSA?

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, providing necessary documents, and completing the loan agreement.

Will applying for a car loan affect my credit score in KSA?

Yes, applying for a car loan may temporarily impact your credit score. However, making timely payments can improve your score in the long run.

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

Consider interest rates, loan terms, monthly payment amounts, your credit score, and any additional fees associated with the loan.

How can I find the best car loan rates for a Mitsubishi Eclipse Cross 2024 1.5T GLX?

Compare offers from various banks and financial institutions, check online resources, and consult with a financial advisor to find the best rates.

What are the common requirements for obtaining a car loan in KSA?

Common requirements include proof of income, identification documents, a good credit score, and sometimes a down payment.

CarteaCar Loan Calculator

Mitsubishi Eclipse Cross 2024 1.5T GLX Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,969

Down Payment

SAR 20,680

Total Cost

SAR 104,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,969	SAR 76,659
2	SAR 6,969	SAR 69,690
3	SAR 6,969	SAR 62,721
4	SAR 6,969	SAR 55,752
5	SAR 6,969	SAR 48,783
6	SAR 6,969	SAR 41,814
7	SAR 6,969	SAR 34,845
8	SAR 6,969	SAR 27,876
9	SAR 6,969	SAR 20,907
10	SAR 6,969	SAR 13,938
11	SAR 6,969	SAR 6,969
12	SAR 6,969	SAR 0

Monthly Payment Composition

Interest: 76

Principal: 6893

Mitsubishi Eclipse Cross 2024 1.5T GLX Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, providing necessary documents, and completing the loan agreement.
Yes, applying for a car loan may temporarily impact your credit score. However, making timely payments can improve your score in the long run.
Consider interest rates, loan terms, monthly payment amounts, your credit score, and any additional fees associated with the loan.
Compare offers from various banks and financial institutions, check online resources, and consult with a financial advisor to find the best rates.
Common requirements include proof of income, identification documents, a good credit score, and sometimes a down payment.