What are the eligibility criteria for a car loan in KSA for Toyota Hilux 2019 2.4L GL M/T Diesel (4x2)?

To be eligible for a car loan in KSA, you typically need to be a Saudi national or a resident with a valid iqama, have a stable income, and meet the minimum age requirement of 21 years.

How can I apply for a car loan for Toyota Hilux 2019 in KSA?

You can apply for a car loan by visiting a bank or financial institution, submitting necessary documents like your ID, proof of income, and details of the vehicle, or by applying online through the bank's website.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.

What should I consider before taking a car loan for Toyota Hilux 2019?

You should consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before making a decision.

What factors influence the loan interest rates for a car loan in KSA?

Factors influencing loan interest rates include your credit score, the amount of down payment, the loan term, and the overall economic conditions.

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Toyota Hilux 2019 2.4L GL M/T Diesel (4x2) Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,394

Down Payment

SAR 13,040

Total Cost

SAR 65,768

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,394	SAR 48,334
2	SAR 4,394	SAR 43,940
3	SAR 4,394	SAR 39,546
4	SAR 4,394	SAR 35,152
5	SAR 4,394	SAR 30,758
6	SAR 4,394	SAR 26,364
7	SAR 4,394	SAR 21,970
8	SAR 4,394	SAR 17,576
9	SAR 4,394	SAR 13,182
10	SAR 4,394	SAR 8,788
11	SAR 4,394	SAR 4,394
12	SAR 4,394	SAR 0

Monthly Payment Composition

Interest: 48

Principal: 4346

Toyota Hilux 2019 2.4L GL M/T Diesel (4x2) Car Loan Calculator FAQs in KSA

To be eligible for a car loan in KSA, you typically need to be a Saudi national or a resident with a valid iqama, have a stable income, and meet the minimum age requirement of 21 years.
You can apply for a car loan by visiting a bank or financial institution, submitting necessary documents like your ID, proof of income, and details of the vehicle, or by applying online through the bank's website.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
You should consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before making a decision.
Factors influencing loan interest rates include your credit score, the amount of down payment, the loan term, and the overall economic conditions.