What are the typical loan terms for financing a Volvo S60 2018 3.0 T6 R-Design in KSA?

Typical loan terms for this vehicle can range from 12 to 60 months, with interest rates varying based on the bank and the borrower's credit profile.

How can I apply for a car loan for a Volvo S60 in KSA?

You can apply for a car loan through banks or financing companies by providing necessary documents such as income proof, identity verification, and vehicle details.

Will taking a car loan affect my credit score in KSA?

Yes, taking out a car loan can impact your credit score. Timely payments can improve your score, while missed payments can hurt it.

What should I consider before taking a car loan for a Volvo S60?

Consider the total cost of the loan, interest rates, monthly payments, and your ability to repay. Also, check if there are any hidden fees.

What factors affect the loan interest rates in KSA for a car?

Factors include your credit score, loan amount, loan term, and the bank's policies. Economic conditions can also play a role.

CarteaCar Loan Calculator

Volvo S60 2018 3.0 T6 R-Design Car Loan Calculator in KSA

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

Monthly Payment

SAR 13,445

Down Payment

SAR 39,900

Total Cost

SAR 201,240

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 13,445	SAR 147,895
2	SAR 13,445	SAR 134,450
3	SAR 13,445	SAR 121,005
4	SAR 13,445	SAR 107,560
5	SAR 13,445	SAR 94,115
6	SAR 13,445	SAR 80,670
7	SAR 13,445	SAR 67,225
8	SAR 13,445	SAR 53,780
9	SAR 13,445	SAR 40,335
10	SAR 13,445	SAR 26,890
11	SAR 13,445	SAR 13,445
12	SAR 13,445	SAR 0

Monthly Payment Composition

Interest: 145

Principal: 13300

Volvo S60 2018 3.0 T6 R-Design Car Loan Calculator FAQs in KSA

Typical loan terms for this vehicle can range from 12 to 60 months, with interest rates varying based on the bank and the borrower's credit profile.
You can apply for a car loan through banks or financing companies by providing necessary documents such as income proof, identity verification, and vehicle details.
Yes, taking out a car loan can impact your credit score. Timely payments can improve your score, while missed payments can hurt it.
Consider the total cost of the loan, interest rates, monthly payments, and your ability to repay. Also, check if there are any hidden fees.
Factors include your credit score, loan amount, loan term, and the bank's policies. Economic conditions can also play a role.