What are the eligibility requirements for obtaining a car loan for a Toyota Camry 2018 in KSA?

To be eligible for a car loan, you generally need to be at least 21 years old, have a stable income, and a good credit score.

How do I apply for a car loan for the Toyota Camry 2018?

You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing necessary documents such as ID, proof of income, and employment verification.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan can impact your credit score. Timely payments can improve your score, while missed payments can harm it.

What should I consider before taking a car loan for a Toyota Camry?

Consider the interest rate, loan term, monthly payments, and any additional fees associated with the loan before making a decision.

What factors affect the interest rate on my car loan?

Factors that affect the interest rate include your credit score, loan amount, loan term, and current market conditions.

CarteaCar Loan Calculator

Toyota Camry 2018 2.5L LE STD Hybrid (212 HP) Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,059

Down Payment

SAR 17,980

Total Cost

SAR 90,688

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,059	SAR 66,649
2	SAR 6,059	SAR 60,590
3	SAR 6,059	SAR 54,531
4	SAR 6,059	SAR 48,472
5	SAR 6,059	SAR 42,413
6	SAR 6,059	SAR 36,354
7	SAR 6,059	SAR 30,295
8	SAR 6,059	SAR 24,236
9	SAR 6,059	SAR 18,177
10	SAR 6,059	SAR 12,118
11	SAR 6,059	SAR 6,059
12	SAR 6,059	SAR 0

Monthly Payment Composition

Interest: 66

Principal: 5993

Toyota Camry 2018 2.5L LE STD Hybrid (212 HP) Car Loan Calculator FAQs in KSA

To be eligible for a car loan, you generally need to be at least 21 years old, have a stable income, and a good credit score.
You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing necessary documents such as ID, proof of income, and employment verification.
Yes, taking out a car loan can impact your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rate, loan term, monthly payments, and any additional fees associated with the loan before making a decision.
Factors that affect the interest rate include your credit score, loan amount, loan term, and current market conditions.