What are the loan options available for purchasing a Toyota Hilux 2019 2.7L GLX M/T (4x2) Short in KSA?

In KSA, banks offer various loan options such as fixed-rate loans, variable-rate loans, and Islamic financing options. It's advisable to compare rates from different banks.

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

Taking a loan can initially lower your credit score due to the hard inquiry. However, if you make timely payments, it can improve your credit score over time.

What documents do I need to apply for a car loan in KSA?

Typically, you will need proof of income, identification, proof of residence, and details about the car you wish to purchase.

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

Factors include your credit score, loan amount, loan term, and the bank's current interest rates. A higher credit score generally leads to lower rates.

Are there any hidden fees when applying for a car loan in KSA?

Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. Always read the terms and conditions carefully.

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Toyota Hilux 2019 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 2019 2.7L GLX M/T (4x2) Short Car Loan Calculator FAQs in KSA

In KSA, banks offer various loan options such as fixed-rate loans, variable-rate loans, and Islamic financing options. It's advisable to compare rates from different banks.
Taking a loan can initially lower your credit score due to the hard inquiry. However, if you make timely payments, it can improve your credit score over time.
Typically, you will need proof of income, identification, proof of residence, and details about the car you wish to purchase.
Factors include your credit score, loan amount, loan term, and the bank's current interest rates. A higher credit score generally leads to lower rates.
Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. Always read the terms and conditions carefully.