What is the process to apply for a car loan for a Toyota Hilux 2019 2.4L S GLX Double Cab (4x4) in KSA?

To apply for a car loan, you typically need to visit a bank or financial institution, submit your identification and income documents, and fill out the loan application form. It's advisable to check the eligibility criteria and required documents beforehand.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan can impact your credit score. When you apply, lenders will perform a credit check, which can temporarily lower your score. However, making timely payments can improve your credit in the long run.

What factors can affect my car loan interest rate in KSA?

Several factors can affect your car loan interest rate, including your credit score, the loan amount, the loan term, and the bank's policies. Additionally, market conditions and inflation can also play a role.

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

Consider your budget, the total cost of the loan (including interest), your ability to make monthly payments, and whether you have a stable income. It's also good to compare offers from different banks.

What documents do I need to provide for a car loan application?

You will generally need to provide your identification (like an ID card or passport), proof of income (such as salary slips or bank statements), and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Toyota Hilux 2019 2.4L S GLX Double Cab (4x4) 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 2019 2.4L S GLX Double Cab (4x4) Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to visit a bank or financial institution, submit your identification and income documents, and fill out the loan application form. It's advisable to check the eligibility criteria and required documents beforehand.
Yes, applying for a car loan can impact your credit score. When you apply, lenders will perform a credit check, which can temporarily lower your score. However, making timely payments can improve your credit in the long run.
Several factors can affect your car loan interest rate, including your credit score, the loan amount, the loan term, and the bank's policies. Additionally, market conditions and inflation can also play a role.
Consider your budget, the total cost of the loan (including interest), your ability to make monthly payments, and whether you have a stable income. It's also good to compare offers from different banks.
You will generally need to provide your identification (like an ID card or passport), proof of income (such as salary slips or bank statements), and details about the vehicle you wish to purchase.