Funded by the Saudi Fund for Development (SFD), the project’s total cost is $170 million, divided into a $65 million grant signed last November and a $105 million soft loan, the minister.
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However you might want to consider the cost involved in transfering your loan i.e. the prepayment charge on car loans which are pretty high at around 4-5%. Also banks may consider it as a used car finance and hence charge you with higher interest rate. So its better that you stick to your existing lender only.
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