What is the car loan process for purchasing a Taurus Ambiente in KSA?

The car loan process typically involves selecting a lender, submitting an application, providing necessary documents, and awaiting approval before finalizing the purchase.

Will applying for a car loan affect my credit score in KSA?

Yes, applying for a car loan can have a temporary impact on your credit score due to the hard inquiry made by the lender.

What factors should I consider when taking out a car loan for Taurus Ambiente?

Consider the interest rate, loan term, monthly payments, total cost of the loan, and your budget before committing.

What are the typical interest rates for car loans in KSA?

Interest rates for car loans in KSA vary but typically range from 3% to 7% depending on the lender and your credit profile.

What documents do I need to apply for a car loan in KSA?

You typically need your ID, proof of income, bank statements, and sometimes a proof of residence.

CarteaCar Loan Calculator

Taurus Ambiente Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,429

Down Payment

SAR 25,013

Total Cost

SAR 126,161

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,429	SAR 92,719
2	SAR 8,429	SAR 84,290
3	SAR 8,429	SAR 75,861
4	SAR 8,429	SAR 67,432
5	SAR 8,429	SAR 59,003
6	SAR 8,429	SAR 50,574
7	SAR 8,429	SAR 42,145
8	SAR 8,429	SAR 33,716
9	SAR 8,429	SAR 25,287
10	SAR 8,429	SAR 16,858
11	SAR 8,429	SAR 8,429
12	SAR 8,429	SAR 0

Monthly Payment Composition

Interest: 92

Principal: 8337

Taurus Ambiente Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a lender, submitting an application, providing necessary documents, and awaiting approval before finalizing the purchase.
Yes, applying for a car loan can have a temporary impact on your credit score due to the hard inquiry made by the lender.
Consider the interest rate, loan term, monthly payments, total cost of the loan, and your budget before committing.
Interest rates for car loans in KSA vary but typically range from 3% to 7% depending on the lender and your credit profile.
You typically need your ID, proof of income, bank statements, and sometimes a proof of residence.