What is the car loan process for purchasing a Citroen C4 Shine in Saudi Arabia?

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents like identification and income proof, and then waiting for approval before finalizing the purchase.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan can temporarily affect your credit score due to the hard inquiry made by the lender. However, timely repayments can improve your score over time.

What factors influence the interest rates for car loans in KSA?

Factors influencing interest rates include your credit score, the loan amount, the repayment term, and the lender's policies.

What should I consider before signing a car loan agreement?

Before signing, consider the interest rate, loan term, total cost of the loan, monthly payments, and any additional fees or insurance requirements.

What documents do I need to apply for a car loan in KSA?

You typically need an identification document, proof of income, a bank statement, and details about the vehicle you intend to purchase.

CarteaCar Loan Calculator

C4 Shine Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,060

Down Payment

SAR 23,920

Total Cost

SAR 120,640

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,060	SAR 88,660
2	SAR 8,060	SAR 80,600
3	SAR 8,060	SAR 72,540
4	SAR 8,060	SAR 64,480
5	SAR 8,060	SAR 56,420
6	SAR 8,060	SAR 48,360
7	SAR 8,060	SAR 40,300
8	SAR 8,060	SAR 32,240
9	SAR 8,060	SAR 24,180
10	SAR 8,060	SAR 16,120
11	SAR 8,060	SAR 8,060
12	SAR 8,060	SAR 0

Monthly Payment Composition

Interest: 87

Principal: 7973

C4 Shine Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents like identification and income proof, and then waiting for approval before finalizing the purchase.
Yes, applying for a car loan can temporarily affect your credit score due to the hard inquiry made by the lender. However, timely repayments can improve your score over time.
Factors influencing interest rates include your credit score, the loan amount, the repayment term, and the lender's policies.
Before signing, consider the interest rate, loan term, total cost of the loan, monthly payments, and any additional fees or insurance requirements.
You typically need an identification document, proof of income, a bank statement, and details about the vehicle you intend to purchase.