What are the main requirements for obtaining a car loan for the Raize XLE in KSA?

The main requirements typically include a valid residency permit, proof of income, a good credit history, and identification documents.

How does taking a loan for the Raize XLE affect my credit score?

Taking a loan can initially lower your credit score due to a hard inquiry, but if you make timely payments, it can improve your score over time.

Factors include your credit score, the loan term, the amount of the down payment, and the bank's current interest rates.

The typical loan tenure ranges from 3 to 7 years, depending on the bank and the customer's preference.

Consider your budget, monthly payment capability, interest rates, and any additional fees that may be associated with the loan.

CarteaCar Loan Calculator

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

SAR 4,519

SAR 13,409

SAR 67,637

Interest: 50

Principal: 4469

The main requirements typically include a valid residency permit, proof of income, a good credit history, and identification documents.
Taking a loan can initially lower your credit score due to a hard inquiry, but if you make timely payments, it can improve your score over time.
Factors include your credit score, the loan term, the amount of the down payment, and the bank's current interest rates.
The typical loan tenure ranges from 3 to 7 years, depending on the bank and the customer's preference.
Consider your budget, monthly payment capability, interest rates, and any additional fees that may be associated with the loan.