What is the loan process for purchasing a Changan Eado 2020 1.6L GDI Smart in KSA?

The loan process typically involves submitting a loan application to a bank or financial institution, providing necessary documents such as proof of income, identification, and details about the vehicle, followed by loan approval and disbursement.

Will taking a loan for the Changan Eado affect my credit score?

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

What factors should I consider when applying for a car loan?

Consider factors such as your credit score, the loan interest rate, loan terms, monthly payment affordability, and any additional fees.

What are the common interest rates for car loans in KSA?

Common interest rates for car loans in KSA range from 3% to 7%, depending on the bank and your credit profile.

What documents do I need to provide for a car loan application?

You will typically need to provide proof of income, a valid ID, vehicle details, and sometimes bank statements.

CarteaCar Loan Calculator

Changan Eado 2020 1.6L GDI Smart Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,041

Down Payment

SAR 11,993

Total Cost

SAR 60,485

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,041	SAR 44,451
2	SAR 4,041	SAR 40,410
3	SAR 4,041	SAR 36,369
4	SAR 4,041	SAR 32,328
5	SAR 4,041	SAR 28,287
6	SAR 4,041	SAR 24,246
7	SAR 4,041	SAR 20,205
8	SAR 4,041	SAR 16,164
9	SAR 4,041	SAR 12,123
10	SAR 4,041	SAR 8,082
11	SAR 4,041	SAR 4,041
12	SAR 4,041	SAR 0

Monthly Payment Composition

Interest: 44

Principal: 3997

Changan Eado 2020 1.6L GDI Smart Car Loan Calculator FAQs in KSA

The loan process typically involves submitting a loan application to a bank or financial institution, providing necessary documents such as proof of income, identification, and details about the vehicle, followed by loan approval and disbursement.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider factors such as your credit score, the loan interest rate, loan terms, monthly payment affordability, and any additional fees.
Common interest rates for car loans in KSA range from 3% to 7%, depending on the bank and your credit profile.
You will typically need to provide proof of income, a valid ID, vehicle details, and sometimes bank statements.