What is the car loan process for purchasing a Toyota Yaris Sedan 2019 1.5L Y Plus (CVT) in KSA?

The car loan process typically involves applying for the loan through a bank or financial institution, providing necessary documents such as proof of income and identification, and then waiting for approval. Once approved, you can finalize the purchase.

Will taking out a car loan affect my credit score?

Yes, taking out 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 factors should I consider when applying for a car loan?

Consider your budget, interest rates, loan term, down payment, and your credit history when applying for a car loan.

What are the interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and the borrower's credit profile.

What documents are required to apply for a car loan?

You will generally need to provide proof of identity, proof of income, bank statements, and details about the car you intend to purchase.

CarteaCar Loan Calculator

Toyota Yaris Sedan 2019 1.5L Y Plus (CVT) Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,248

Down Payment

SAR 9,639

Total Cost

SAR 48,615

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,248	SAR 35,728
2	SAR 3,248	SAR 32,480
3	SAR 3,248	SAR 29,232
4	SAR 3,248	SAR 25,984
5	SAR 3,248	SAR 22,736
6	SAR 3,248	SAR 19,488
7	SAR 3,248	SAR 16,240
8	SAR 3,248	SAR 12,992
9	SAR 3,248	SAR 9,744
10	SAR 3,248	SAR 6,496
11	SAR 3,248	SAR 3,248
12	SAR 3,248	SAR 0

Monthly Payment Composition

Interest: 35

Principal: 3213

Toyota Yaris Sedan 2019 1.5L Y Plus (CVT) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for the loan through a bank or financial institution, providing necessary documents such as proof of income and identification, and then waiting for approval. Once approved, you can finalize the purchase.
Yes, taking out 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.
Consider your budget, interest rates, loan term, down payment, and your credit history when applying for a car loan.
Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and the borrower's credit profile.
You will generally need to provide proof of identity, proof of income, bank statements, and details about the car you intend to purchase.