What is the financing process for purchasing a Mitsubishi L200 2023 2.4L Double Cab GL (2WD) in KSA?

The financing process typically involves selecting a bank, submitting your income and identification documents, and then receiving a loan approval based on your creditworthiness.

Will taking out a loan for the Mitsubishi L200 affect my credit score?

Yes, taking out a loan can impact your credit score. Timely payments can improve your score, while missed payments can harm it.

What should I be aware of when applying for a car loan in KSA?

Be aware of the interest rates, loan terms, and any hidden fees associated with the loan. Always read the terms and conditions carefully.

What factors can influence the interest rate on my car loan?

Factors include your credit score, the loan amount, the loan term, and the current market interest rates.

Can I refinance my loan for the Mitsubishi L200 after purchase?

Yes, you can refinance your loan if you find better terms or rates, but check with your lender for any penalties.

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Mitsubishi L200 2023 2.4L Double Cab GL (2WD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,425

Down Payment

SAR 16,100

Total Cost

SAR 81,200

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,425	SAR 59,675
2	SAR 5,425	SAR 54,250
3	SAR 5,425	SAR 48,825
4	SAR 5,425	SAR 43,400
5	SAR 5,425	SAR 37,975
6	SAR 5,425	SAR 32,550
7	SAR 5,425	SAR 27,125
8	SAR 5,425	SAR 21,700
9	SAR 5,425	SAR 16,275
10	SAR 5,425	SAR 10,850
11	SAR 5,425	SAR 5,425
12	SAR 5,425	SAR 0

Monthly Payment Composition

Interest: 59

Principal: 5366

Mitsubishi L200 2023 2.4L Double Cab GL (2WD) Car Loan Calculator FAQs in KSA

The financing process typically involves selecting a bank, submitting your income and identification documents, and then receiving a loan approval based on your creditworthiness.
Yes, taking out a loan can impact your credit score. Timely payments can improve your score, while missed payments can harm it.
Be aware of the interest rates, loan terms, and any hidden fees associated with the loan. Always read the terms and conditions carefully.
Factors include your credit score, the loan amount, the loan term, and the current market interest rates.
Yes, you can refinance your loan if you find better terms or rates, but check with your lender for any penalties.