What is the car loan process for purchasing a Toyota Yaris Sedan 2024 1.3L Y Plus (CVT) in KSA?

The car loan process typically involves applying for a loan through a bank or financing company, submitting required documents, and getting approval based on your creditworthiness.

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 harm it.

What should I be aware of when applying for a car loan?

Be aware of the interest rates, loan terms, monthly payments, and any additional fees or penalties associated with the loan.

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

Factors include your credit score, the loan amount, the loan term, and current market interest rates.

How much of a down payment is typically required for a car loan in KSA?

Typically, a down payment of 10-20% of the vehicle's price is required, but this can vary by lender.

CarteaCar Loan Calculator

Toyota Yaris Sedan 2024 1.3L Y Plus (CVT) Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,674

Down Payment

SAR 13,869

Total Cost

SAR 69,957

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,674	SAR 51,414
2	SAR 4,674	SAR 46,740
3	SAR 4,674	SAR 42,066
4	SAR 4,674	SAR 37,392
5	SAR 4,674	SAR 32,718
6	SAR 4,674	SAR 28,044
7	SAR 4,674	SAR 23,370
8	SAR 4,674	SAR 18,696
9	SAR 4,674	SAR 14,022
10	SAR 4,674	SAR 9,348
11	SAR 4,674	SAR 4,674
12	SAR 4,674	SAR 0

Monthly Payment Composition

Interest: 51

Principal: 4623

Toyota Yaris Sedan 2024 1.3L Y Plus (CVT) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for a loan through a bank or financing company, submitting required documents, and getting approval based on your creditworthiness.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Be aware of the interest rates, loan terms, monthly payments, and any additional fees or penalties associated with the loan.
Factors include your credit score, the loan amount, the loan term, and current market interest rates.
Typically, a down payment of 10-20% of the vehicle's price is required, but this can vary by lender.