What is the car loan process for purchasing a Changan Alsvin 2021 1.5L Basic in KSA?

To obtain a car loan for the Changan Alsvin 2021 1.5L Basic in KSA, you typically need to provide your identification, proof of income, and details about the vehicle. After submitting your application, the bank will assess your creditworthiness and approve the loan accordingly.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can have a negative impact.

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

When applying for a car loan, be aware of the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capabilities.

What factors influence the loan interest rate for a car loan in KSA?

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

Can I negotiate the terms of my car loan?

Yes, you can negotiate the terms of your car loan with the bank, including the interest rate and repayment period. It's worth discussing to find the best deal.

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Changan Alsvin 2021 1.5L Basic Car Loan Calculator in KSA

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

Monthly Payment

SAR 2,550

Down Payment

SAR 7,567

Total Cost

SAR 38,167

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 2,550	SAR 28,050
2	SAR 2,550	SAR 25,500
3	SAR 2,550	SAR 22,950
4	SAR 2,550	SAR 20,400
5	SAR 2,550	SAR 17,850
6	SAR 2,550	SAR 15,300
7	SAR 2,550	SAR 12,750
8	SAR 2,550	SAR 10,200
9	SAR 2,550	SAR 7,650
10	SAR 2,550	SAR 5,100
11	SAR 2,550	SAR 2,550
12	SAR 2,550	SAR 0

Monthly Payment Composition

Interest: 28

Principal: 2522

Changan Alsvin 2021 1.5L Basic Car Loan Calculator FAQs in KSA

To obtain a car loan for the Changan Alsvin 2021 1.5L Basic in KSA, you typically need to provide your identification, proof of income, and details about the vehicle. After submitting your application, the bank will assess your creditworthiness and approve the loan accordingly.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can have a negative impact.
When applying for a car loan, be aware of the interest rates, loan terms, and any additional fees. It's also important to understand your repayment capabilities.
Factors that influence the loan interest rate include your credit score, the loan amount, the loan term, and the bank's policies.
Yes, you can negotiate the terms of your car loan with the bank, including the interest rate and repayment period. It's worth discussing to find the best deal.