What is the financing process for purchasing a BAIC X35 2022 1.5L Elite in KSA?

The financing process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and meeting eligibility criteria.

How does a car loan affect my credit score?

Taking out a car loan can impact your credit score positively if you make timely payments, but missing payments can lower your score.

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

Be aware of interest rates, loan terms, and any additional fees that may apply. Also, ensure you have a stable income and good credit history.

What factors influence the interest rate on my car loan?

Factors include your credit score, loan amount, loan term, and the current economic conditions.

Are there any specific documents required for the loan application?

Yes, typically you will need identification, proof of income, bank statements, and information about the vehicle.

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BAIC X35 2022 1.5L Elite Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,185

Down Payment

SAR 12,418

Total Cost

SAR 62,638

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,185	SAR 46,035
2	SAR 4,185	SAR 41,850
3	SAR 4,185	SAR 37,665
4	SAR 4,185	SAR 33,480
5	SAR 4,185	SAR 29,295
6	SAR 4,185	SAR 25,110
7	SAR 4,185	SAR 20,925
8	SAR 4,185	SAR 16,740
9	SAR 4,185	SAR 12,555
10	SAR 4,185	SAR 8,370
11	SAR 4,185	SAR 4,185
12	SAR 4,185	SAR 0

Monthly Payment Composition

Interest: 46

Principal: 4139

BAIC X35 2022 1.5L Elite Car Loan Calculator FAQs in KSA

The financing process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and meeting eligibility criteria.
Taking out a car loan can impact your credit score positively if you make timely payments, but missing payments can lower your score.
Be aware of interest rates, loan terms, and any additional fees that may apply. Also, ensure you have a stable income and good credit history.
Factors include your credit score, loan amount, loan term, and the current economic conditions.
Yes, typically you will need identification, proof of income, bank statements, and information about the vehicle.