What is the car loan process for the RAV4 ADV 2 4X4 in KSA?

The car loan process typically involves choosing the vehicle, applying for a loan through a bank or financial institution, providing required documents, and then signing the loan agreement after approval.

Will taking a loan for the RAV4 ADV 2 4X4 affect my credit score?

Yes, taking out a loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.

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

Be aware of your credit score, the loan terms, interest rates, and any additional fees. It's also important to understand the total amount you will repay over the loan period.

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

Factors include your credit score, the loan amount, the loan term, and the lender's policies. Additionally, market interest rates can also play a role.

What documents are typically required for a car loan application?

Typically, you will need to provide proof of income, identification documents, proof of residency, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

RAV4 ADV 2 4X4 Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,936

Down Payment

SAR 29,486

Total Cost

SAR 148,718

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,936	SAR 109,296
2	SAR 9,936	SAR 99,360
3	SAR 9,936	SAR 89,424
4	SAR 9,936	SAR 79,488
5	SAR 9,936	SAR 69,552
6	SAR 9,936	SAR 59,616
7	SAR 9,936	SAR 49,680
8	SAR 9,936	SAR 39,744
9	SAR 9,936	SAR 29,808
10	SAR 9,936	SAR 19,872
11	SAR 9,936	SAR 9,936
12	SAR 9,936	SAR 0

Monthly Payment Composition

Interest: 108

Principal: 9828

RAV4 ADV 2 4X4 Car Loan Calculator FAQs in KSA

The car loan process typically involves choosing the vehicle, applying for a loan through a bank or financial institution, providing required documents, and then signing the loan agreement after approval.
Yes, taking out a loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.
Be aware of your credit score, the loan terms, interest rates, and any additional fees. It's also important to understand the total amount you will repay over the loan period.
Factors include your credit score, the loan amount, the loan term, and the lender's policies. Additionally, market interest rates can also play a role.
Typically, you will need to provide proof of income, identification documents, proof of residency, and details about the vehicle you wish to purchase.