What financing options are available for purchasing a 2020 Toyota Corolla 1.6L XLI in KSA?

In KSA, you can choose from several financing options, including bank loans, dealer financing, and personal loans. It's best to compare interest rates and terms.

How can I apply for a car loan for the Toyota Corolla 2020 1.6L XLI?

You can apply for a car loan by visiting a bank or financial institution's website or branch. You will typically need to provide income proof, identification, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. It can improve your score if you make timely payments, but missing payments can lower it.

What should I watch out for when applying for a car loan?

Pay attention to the interest rates, loan terms, hidden fees, and whether the loan is fixed or variable.

What factors can affect the interest rate on my car loan?

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

CarteaCar Loan Calculator

Toyota Corolla 2020 1.6L XLI Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,158

Down Payment

SAR 15,306

Total Cost

SAR 77,202

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,158	SAR 56,738
2	SAR 5,158	SAR 51,580
3	SAR 5,158	SAR 46,422
4	SAR 5,158	SAR 41,264
5	SAR 5,158	SAR 36,106
6	SAR 5,158	SAR 30,948
7	SAR 5,158	SAR 25,790
8	SAR 5,158	SAR 20,632
9	SAR 5,158	SAR 15,474
10	SAR 5,158	SAR 10,316
11	SAR 5,158	SAR 5,158
12	SAR 5,158	SAR 0

Monthly Payment Composition

Interest: 57

Principal: 5101

Toyota Corolla 2020 1.6L XLI Car Loan Calculator FAQs in KSA

In KSA, you can choose from several financing options, including bank loans, dealer financing, and personal loans. It's best to compare interest rates and terms.
You can apply for a car loan by visiting a bank or financial institution's website or branch. You will typically need to provide income proof, identification, and vehicle details.
Yes, taking a car loan can affect your credit score. It can improve your score if you make timely payments, but missing payments can lower it.
Pay attention to the interest rates, loan terms, hidden fees, and whether the loan is fixed or variable.
Factors include your credit score, down payment amount, loan term, and the bank's current rates.