What is the process for obtaining a car loan for a Toyota Avalon 2024 3.5L V6 Premium in KSA?

To obtain a car loan, you need to choose a bank, provide necessary documents like income proof and ID, fill out an application, and wait for approval.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score, especially if you make payments on time or miss payments.

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

Be aware of the interest rates, loan terms, any hidden fees, and your ability to make monthly payments.

What factors influence the loan interest rate for a car loan?

Factors include your credit score, the loan amount, loan term, and the bank’s current rates.

Is it possible to get a loan with a low credit score?

Yes, but you may face higher interest rates or require a co-signer.

CarteaCar Loan Calculator

Toyota Avalon 2024 3.5L V6 Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,419

Down Payment

SAR 30,920

Total Cost

SAR 155,948

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,419	SAR 114,609
2	SAR 10,419	SAR 104,190
3	SAR 10,419	SAR 93,771
4	SAR 10,419	SAR 83,352
5	SAR 10,419	SAR 72,933
6	SAR 10,419	SAR 62,514
7	SAR 10,419	SAR 52,095
8	SAR 10,419	SAR 41,676
9	SAR 10,419	SAR 31,257
10	SAR 10,419	SAR 20,838
11	SAR 10,419	SAR 10,419
12	SAR 10,419	SAR 0

Monthly Payment Composition

Interest: 113

Principal: 10306

Toyota Avalon 2024 3.5L V6 Premium Car Loan Calculator FAQs in KSA

To obtain a car loan, you need to choose a bank, provide necessary documents like income proof and ID, fill out an application, and wait for approval.
Yes, taking a car loan can affect your credit score, especially if you make payments on time or miss payments.
Be aware of the interest rates, loan terms, any hidden fees, and your ability to make monthly payments.
Factors include your credit score, the loan amount, loan term, and the bank’s current rates.
Yes, but you may face higher interest rates or require a co-signer.