What is the process to apply for a car loan for a Toyota Avalon 2019 3.5L V6 Touring in KSA?

To apply for a car loan in KSA, you need to gather required documents such as your ID, income proof, and bank statements. Then, visit a bank or finance company to submit your application.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can impact your credit score positively or negatively, depending on your repayment history and how much debt you carry.

What factors should I consider when taking a car loan for a Toyota Avalon 2019?

Consider the interest rate, loan term, monthly payments, and the total cost of the loan. Additionally, check for any hidden fees.

What documents are needed for a car loan application in KSA?

Typically, you will need your national ID, proof of income (like salary slips), bank statements, and sometimes a copy of the vehicle's registration.

What influences the loan interest rates for a car loan in KSA?

Loan interest rates can be influenced by factors such as your credit score, the loan amount, the duration of the loan, and the overall economic conditions in KSA.

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Toyota Avalon 2019 3.5L V6 Touring Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,824

Down Payment

SAR 26,187

Total Cost

SAR 132,075

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,824	SAR 97,064
2	SAR 8,824	SAR 88,240
3	SAR 8,824	SAR 79,416
4	SAR 8,824	SAR 70,592
5	SAR 8,824	SAR 61,768
6	SAR 8,824	SAR 52,944
7	SAR 8,824	SAR 44,120
8	SAR 8,824	SAR 35,296
9	SAR 8,824	SAR 26,472
10	SAR 8,824	SAR 17,648
11	SAR 8,824	SAR 8,824
12	SAR 8,824	SAR 0

Monthly Payment Composition

Interest: 95

Principal: 8729

Toyota Avalon 2019 3.5L V6 Touring Car Loan Calculator FAQs in KSA

To apply for a car loan in KSA, you need to gather required documents such as your ID, income proof, and bank statements. Then, visit a bank or finance company to submit your application.
Yes, taking a car loan can impact your credit score positively or negatively, depending on your repayment history and how much debt you carry.
Consider the interest rate, loan term, monthly payments, and the total cost of the loan. Additionally, check for any hidden fees.
Typically, you will need your national ID, proof of income (like salary slips), bank statements, and sometimes a copy of the vehicle's registration.
Loan interest rates can be influenced by factors such as your credit score, the loan amount, the duration of the loan, and the overall economic conditions in KSA.