What is the loan eligibility criteria for financing a Volkswagen T-Roc 2021 1.4L TSI Sport in KSA?

To be eligible for a loan, you typically need to be at least 21 years old, have a stable income, and provide relevant documentation such as your ID, salary certificate, and bank statements.

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

Taking a loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.

What are the typical interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and the borrower's credit profile.

What documents are required to apply for a car loan?

You will typically need a valid ID, proof of income (such as a salary certificate), bank statements, and sometimes a credit report.

What factors can affect the loan approval process?

Factors that can affect loan approval include your credit history, income level, employment stability, and the amount of the loan requested.

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Volkswagen T-Roc 2021 1.4L TSI Sport Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,573

Down Payment

SAR 16,537

Total Cost

SAR 83,413

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,573	SAR 61,303
2	SAR 5,573	SAR 55,730
3	SAR 5,573	SAR 50,157
4	SAR 5,573	SAR 44,584
5	SAR 5,573	SAR 39,011
6	SAR 5,573	SAR 33,438
7	SAR 5,573	SAR 27,865
8	SAR 5,573	SAR 22,292
9	SAR 5,573	SAR 16,719
10	SAR 5,573	SAR 11,146
11	SAR 5,573	SAR 5,573
12	SAR 5,573	SAR 0

Monthly Payment Composition

Interest: 61

Principal: 5512

Volkswagen T-Roc 2021 1.4L TSI Sport Car Loan Calculator FAQs in KSA

To be eligible for a loan, you typically need to be at least 21 years old, have a stable income, and provide relevant documentation such as your ID, salary certificate, and bank statements.
Taking a loan can impact your credit score positively if you make timely payments, but missed payments can negatively affect it.
Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and the borrower's credit profile.
You will typically need a valid ID, proof of income (such as a salary certificate), bank statements, and sometimes a credit report.
Factors that can affect loan approval include your credit history, income level, employment stability, and the amount of the loan requested.