What are the options for car loans for the Changan Eado 2021 1.6L GDI Trend in KSA?

In KSA, you can avail financing options from various banks and financial institutions, which typically include personal loans, leasing, and hire purchase agreements.

How do I apply for a car loan for the Changan Eado 2021?

To apply for a car loan, you need to gather the required documents such as your ID, proof of income, and bank statements, and then submit your application to your chosen bank or financial institution.

Will taking out a car loan affect my credit score?

Yes, applying for a car loan can affect your credit score as lenders will perform a credit check. However, making timely payments can improve your score over time.

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

Be aware of the interest rates, loan terms, and any additional fees associated with the loan. It's also important to read the fine print carefully.

What factors affect the loan interest rates in KSA?

Factors affecting loan interest rates include the central bank's monetary policy, inflation rates, and your personal credit history.

CarteaCar Loan Calculator

Changan Eado 2021 1.6L GDI Trend 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 2021 1.6L GDI Trend Car Loan Calculator FAQs in KSA

In KSA, you can avail financing options from various banks and financial institutions, which typically include personal loans, leasing, and hire purchase agreements.
To apply for a car loan, you need to gather the required documents such as your ID, proof of income, and bank statements, and then submit your application to your chosen bank or financial institution.
Yes, applying for a car loan can affect your credit score as lenders will perform a credit check. However, making timely payments can improve your score over time.
Be aware of the interest rates, loan terms, and any additional fees associated with the loan. It's also important to read the fine print carefully.
Factors affecting loan interest rates include the central bank's monetary policy, inflation rates, and your personal credit history.