What types of car loans are available for purchasing a Toyota Hilux 2018 in KSA?

There are generally two types of car loans available:secured loans, where the car serves as collateral, and unsecured loans, which do not require collateral but may have higher interest rates.

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

You can apply for a car loan by visiting a bank or financial institution in KSA, or by applying online through their website. You'll need to provide necessary documents like ID, income proof, and vehicle details.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.

What should I be aware of when taking out a car loan?

You should pay attention to the interest rates, loan terms, monthly repayment amounts, and any additional fees involved in the loan process.

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

Factors that can affect the interest rate include your credit history, the loan amount, the duration of the loan, and the overall economic conditions.

CarteaCar Loan Calculator

Toyota Hilux 2018 2.7L GLX M/T (4x2) Short Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,599

Down Payment

SAR 10,680

Total Cost

SAR 53,868

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,599	SAR 39,589
2	SAR 3,599	SAR 35,990
3	SAR 3,599	SAR 32,391
4	SAR 3,599	SAR 28,792
5	SAR 3,599	SAR 25,193
6	SAR 3,599	SAR 21,594
7	SAR 3,599	SAR 17,995
8	SAR 3,599	SAR 14,396
9	SAR 3,599	SAR 10,797
10	SAR 3,599	SAR 7,198
11	SAR 3,599	SAR 3,599
12	SAR 3,599	SAR 0

Monthly Payment Composition

Interest: 39

Principal: 3560

Toyota Hilux 2018 2.7L GLX M/T (4x2) Short Car Loan Calculator FAQs in KSA

There are generally two types of car loans available:secured loans, where the car serves as collateral, and unsecured loans, which do not require collateral but may have higher interest rates.
You can apply for a car loan by visiting a bank or financial institution in KSA, or by applying online through their website. You'll need to provide necessary documents like ID, income proof, and vehicle details.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
You should pay attention to the interest rates, loan terms, monthly repayment amounts, and any additional fees involved in the loan process.
Factors that can affect the interest rate include your credit history, the loan amount, the duration of the loan, and the overall economic conditions.