What is the auto loan process for financing a Subaru XV 2023 2.0L Standard in KSA?

The auto loan process typically involves submitting an application, providing necessary documents, and getting approved by the bank. Once approved, you can finalize the purchase.

Will taking an auto loan affect my credit score in KSA?

Yes, taking an auto loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

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

You should be aware of the interest rates, loan terms, and any fees associated with the loan. It’s also important to check your credit report before applying.

What factors can influence the interest rate of my auto loan in KSA?

Factors that can influence your interest rate include your credit score, the loan amount, the loan term, and the bank’s current rates.

How much of a down payment is typically required for a car loan in KSA?

Typically, a down payment of 10-20% of the vehicle's price is required for a car loan in KSA.

CarteaCar Loan Calculator

Subaru XV 2023 2.0L Standard Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,335

Down Payment

SAR 18,800

Total Cost

SAR 94,820

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,335	SAR 69,685
2	SAR 6,335	SAR 63,350
3	SAR 6,335	SAR 57,015
4	SAR 6,335	SAR 50,680
5	SAR 6,335	SAR 44,345
6	SAR 6,335	SAR 38,010
7	SAR 6,335	SAR 31,675
8	SAR 6,335	SAR 25,340
9	SAR 6,335	SAR 19,005
10	SAR 6,335	SAR 12,670
11	SAR 6,335	SAR 6,335
12	SAR 6,335	SAR 0

Monthly Payment Composition

Interest: 69

Principal: 6266

Subaru XV 2023 2.0L Standard Car Loan Calculator FAQs in KSA

The auto loan process typically involves submitting an application, providing necessary documents, and getting approved by the bank. Once approved, you can finalize the purchase.
Yes, taking an auto loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
You should be aware of the interest rates, loan terms, and any fees associated with the loan. It’s also important to check your credit report before applying.
Factors that can influence your interest rate include your credit score, the loan amount, the loan term, and the bank’s current rates.
Typically, a down payment of 10-20% of the vehicle's price is required for a car loan in KSA.