What is the car loan for Baleno 1.5L GLX in KSA?

The car loan for Baleno 1.5L GLX in KSA is a financial product that allows you to borrow money to purchase the vehicle, with repayment terms typically ranging from 1 to 5 years.

How can I apply for a car loan for Baleno 1.5L GLX?

You can apply for a car loan by visiting a bank or financial institution, providing necessary documentation such as proof of income, identification, and details about the vehicle.

Will taking a loan affect my credit score?

Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score; however, missed payments can lower it.

What should I be aware of when taking a car loan?

You should be aware of the interest rate, loan term, monthly payments, and any additional fees or insurance requirements.

What factors influence the loan interest rate for Baleno 1.5L GLX?

Factors that influence the loan interest rate include your credit score, the loan amount, the duration of the loan, and the bank's policies.

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Baleno 1.5L GLX Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,534

Down Payment

SAR 13,455

Total Cost

SAR 67,863

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,534	SAR 49,874
2	SAR 4,534	SAR 45,340
3	SAR 4,534	SAR 40,806
4	SAR 4,534	SAR 36,272
5	SAR 4,534	SAR 31,738
6	SAR 4,534	SAR 27,204
7	SAR 4,534	SAR 22,670
8	SAR 4,534	SAR 18,136
9	SAR 4,534	SAR 13,602
10	SAR 4,534	SAR 9,068
11	SAR 4,534	SAR 4,534
12	SAR 4,534	SAR 0

Monthly Payment Composition

Interest: 49

Principal: 4485

Baleno 1.5L GLX Car Loan Calculator FAQs in KSA

The car loan for Baleno 1.5L GLX in KSA is a financial product that allows you to borrow money to purchase the vehicle, with repayment terms typically ranging from 1 to 5 years.
You can apply for a car loan by visiting a bank or financial institution, providing necessary documentation such as proof of income, identification, and details about the vehicle.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score; however, missed payments can lower it.
You should be aware of the interest rate, loan term, monthly payments, and any additional fees or insurance requirements.
Factors that influence the loan interest rate include your credit score, the loan amount, the duration of the loan, and the bank's policies.