What is the car loan process for purchasing a Mitsubishi Xpander 2024 1.5L HL in KSA?

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or finance company, providing necessary documentation, and waiting for approval before finalizing the purchase.

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

Yes, taking a car loan can impact your credit score. Regular payments can improve it, while missed payments can decrease it.

What should I pay attention to when applying for a car loan?

You should pay attention to the interest rate, loan term, monthly payments, and any additional fees associated with the loan.

What factors can affect the car loan interest rate in KSA?

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

Are there any special offers or promotions for car loans in KSA?

Many banks and dealerships offer special promotions or lower interest rates for certain models or during specific periods. It’s best to check with local banks for the latest offers.

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Mitsubishi Xpander 2024 1.5L HL Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,496

Down Payment

SAR 16,310

Total Cost

SAR 82,262

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,496	SAR 60,456
2	SAR 5,496	SAR 54,960
3	SAR 5,496	SAR 49,464
4	SAR 5,496	SAR 43,968
5	SAR 5,496	SAR 38,472
6	SAR 5,496	SAR 32,976
7	SAR 5,496	SAR 27,480
8	SAR 5,496	SAR 21,984
9	SAR 5,496	SAR 16,488
10	SAR 5,496	SAR 10,992
11	SAR 5,496	SAR 5,496
12	SAR 5,496	SAR 0

Monthly Payment Composition

Interest: 60

Principal: 5436

Mitsubishi Xpander 2024 1.5L HL Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or finance company, providing necessary documentation, and waiting for approval before finalizing the purchase.
Yes, taking a car loan can impact your credit score. Regular payments can improve it, while missed payments can decrease it.
You should pay attention to the interest rate, loan term, monthly payments, and any additional fees associated with the loan.
Factors include your credit score, the loan amount, the term of the loan, and the bank's policies.
Many banks and dealerships offer special promotions or lower interest rates for certain models or during specific periods. It’s best to check with local banks for the latest offers.