What is the car loan process for purchasing a PATROL LE T2 in KSA?

The car loan process typically involves selecting the vehicle, submitting the necessary documents, applying for the loan from a bank or financial institution, 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 affect your credit score. Making timely payments can improve your score, while missed payments can negatively impact it.

What factors affect the interest rate for a car loan in KSA?

Factors affecting the interest rate include your credit history, the loan amount, the loan term, and the current market conditions.

What documents are required to apply for a car loan for a PATROL LE T2?

Common documents include your ID, proof of income, bank statements, and details of the vehicle you intend to purchase.

Are there any additional costs associated with a car loan in KSA?

Yes, additional costs may include processing fees, insurance, and registration fees, which should be considered when calculating the total cost of the loan.

CarteaCar Loan Calculator

PATROL LE T2 Car Loan Calculator in KSA

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

Monthly Payment

SAR 22,442

Down Payment

SAR 66,600

Total Cost

SAR 335,904

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 22,442	SAR 246,862
2	SAR 22,442	SAR 224,420
3	SAR 22,442	SAR 201,978
4	SAR 22,442	SAR 179,536
5	SAR 22,442	SAR 157,094
6	SAR 22,442	SAR 134,652
7	SAR 22,442	SAR 112,210
8	SAR 22,442	SAR 89,768
9	SAR 22,442	SAR 67,326
10	SAR 22,442	SAR 44,884
11	SAR 22,442	SAR 22,442
12	SAR 22,442	SAR 0

Monthly Payment Composition

Interest: 243

Principal: 22199

PATROL LE T2 Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, submitting the necessary documents, applying for the loan from a bank or financial institution, and waiting for approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can negatively impact it.
Factors affecting the interest rate include your credit history, the loan amount, the loan term, and the current market conditions.
Common documents include your ID, proof of income, bank statements, and details of the vehicle you intend to purchase.
Yes, additional costs may include processing fees, insurance, and registration fees, which should be considered when calculating the total cost of the loan.