Easy Car Financing Available
Need car finance. AlEktiar provide the best car finance options in KSA. Working with all leading Saudi banks AlEktiar provide all the information you need to find best suitable offers for you.
Car financing is based on applicable APR, loan amount, tenures, down payment, Balloon Payment, early settlement charges and other applicable financing terms.
The annual percentage rate is the annual rate interest charged for borrowing or earned through an investment, it’s the percentage of the principal the buyer pays each year by taking monthly payments into account.
A fixed payment amount made by browser to a lender at a specific time/date each month, paying off through monthly installments with both interest and principal implied every month over a specific number of years until the end of their loan.
This payment method allows a buyer to take a sum amount of payment attached to a loan for a short term which can be extended by the bank, providing a strong cash flow before the loan term expires. It’s the lump sum payment that is paid towards the end of the term allowing the buyer to save on the interest cost of the interest outflow every month.