What are the eligibility criteria for obtaining a car loan for the Toyota Corolla Cross 2021 1.8L GLI (HEV) in KSA?

To be eligible for a car loan in KSA, you typically need to be at least 21 years old, have a steady income, a good credit history, and provide necessary documents like ID, salary slips, and proof of residence.

How does taking a car loan affect my credit score in KSA?

Taking a car loan can affect your credit score. If you make timely payments, it can improve your score. However, missing payments can lead to a decrease in your score.

What documents do I need to apply for a car loan for the Toyota Corolla Cross 2021 in KSA?

You will typically need your national ID, proof of income (salary slips), bank statements, and any other documentation required by the bank.

What are the interest rates for car loans in KSA for the Toyota Corolla Cross 2021?

Interest rates for car loans in KSA can vary between banks, but they typically range from 3% to 7% depending on the loan term and applicant's credit history.

What factors affect the loan amount I can get for the Toyota Corolla Cross 2021 in KSA?

The loan amount you can get is typically influenced by your income, credit score, the price of the vehicle, and the bank's lending policies.

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Toyota Corolla Cross 2021 1.8L GLI (HEV) Car Loan Calculator in KSA

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

Calculation Of Loans

Total Car Price-

Down PaymentSAR 17,894

Monthly PaymentSAR 71,696
Total CostSAR 89,590
Loan Period1 Month

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 71,696	SAR 0

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Toyota Corolla Cross 2021 1.8L GLI (HEV) Car Loan Calculator FAQs in KSA

To be eligible for a car loan in KSA, you typically need to be at least 21 years old, have a steady income, a good credit history, and provide necessary documents like ID, salary slips, and proof of residence.
Taking a car loan can affect your credit score. If you make timely payments, it can improve your score. However, missing payments can lead to a decrease in your score.
You will typically need your national ID, proof of income (salary slips), bank statements, and any other documentation required by the bank.
Interest rates for car loans in KSA can vary between banks, but they typically range from 3% to 7% depending on the loan term and applicant's credit history.
The loan amount you can get is typically influenced by your income, credit score, the price of the vehicle, and the bank's lending policies.

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