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

Monthly Payment

SAR 6,030

Down Payment

SAR 17,894

Total Cost

SAR 90,254

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,030	SAR 66,330
2	SAR 6,030	SAR 60,300
3	SAR 6,030	SAR 54,270
4	SAR 6,030	SAR 48,240
5	SAR 6,030	SAR 42,210
6	SAR 6,030	SAR 36,180
7	SAR 6,030	SAR 30,150
8	SAR 6,030	SAR 24,120
9	SAR 6,030	SAR 18,090
10	SAR 6,030	SAR 12,060
11	SAR 6,030	SAR 6,030
12	SAR 6,030	SAR 0

Monthly Payment Composition

Interest: 66

Principal: 5964

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.