What is the car loan process for buying a Baleno 1.5L GL Plus in KSA?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and getting approval before making the purchase.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can decrease it.

What should I consider when applying for a car loan for the Baleno 1.5L GL Plus?

Consider your monthly budget, loan interest rates, repayment terms, and any additional fees before applying.

What factors can affect the interest rate on my car loan in KSA?

Factors include your credit score, the loan amount, the loan term, and current market interest rates.

Are there any specific documents required to apply for a car loan for the Baleno 1.5L GL Plus?

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

CarteaCar Loan Calculator

Baleno 1.5L GL Plus 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 12,420

Total Cost

SAR 62,640

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: 45

Principal: 4140

Baleno 1.5L GL Plus Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and getting approval before making the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can decrease it.
Consider your monthly budget, loan interest rates, repayment terms, and any additional fees before applying.
Factors include your credit score, the loan amount, the loan term, and current market interest rates.
Yes, typically you will need identification, proof of income, bank statements, and details about the vehicle.