What are the requirements for applying for a car loan for the Toyota Fortuner 2019 in KSA?

To apply for a car loan in KSA, you typically need to provide a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

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

Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.

What is the typical interest rate for a car loan in KSA?

Interest rates for car loans in KSA usually range from 3% to 7%, depending on the bank and your credit profile.

What should I consider before taking a car loan for the Toyota Fortuner in KSA?

Before taking a car loan, consider the total cost of ownership, your monthly budget, and the loan terms including duration and interest rates.

What factors can affect the loan approval process for a car loan in KSA?

Factors that can affect loan approval include your credit history, income level, existing debts, and the loan amount requested.

CarteaCar Loan Calculator

Toyota Fortuner 2019 2.4L GX1 Diesel (4X4) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,730

Down Payment

SAR 22,940

Total Cost

SAR 115,700

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,730	SAR 85,030
2	SAR 7,730	SAR 77,300
3	SAR 7,730	SAR 69,570
4	SAR 7,730	SAR 61,840
5	SAR 7,730	SAR 54,110
6	SAR 7,730	SAR 46,380
7	SAR 7,730	SAR 38,650
8	SAR 7,730	SAR 30,920
9	SAR 7,730	SAR 23,190
10	SAR 7,730	SAR 15,460
11	SAR 7,730	SAR 7,730
12	SAR 7,730	SAR 0

Monthly Payment Composition

Interest: 84

Principal: 7646

Toyota Fortuner 2019 2.4L GX1 Diesel (4X4) Car Loan Calculator FAQs in KSA

To apply for a car loan in KSA, you typically need to provide a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.
Taking out a car loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.
Interest rates for car loans in KSA usually range from 3% to 7%, depending on the bank and your credit profile.
Before taking a car loan, consider the total cost of ownership, your monthly budget, and the loan terms including duration and interest rates.
Factors that can affect loan approval include your credit history, income level, existing debts, and the loan amount requested.