What is the process for obtaining a car loan for the Chery Arrizo6 2020 1.5T Comfort in KSA?

To obtain a car loan for the Chery Arrizo6 in KSA, you need to provide necessary documents such as your ID, proof of income, and bank statements to the bank or financial institution. They will assess your creditworthiness and provide loan options.

Will taking out a loan for the Chery Arrizo6 affect my credit score?

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

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

You should be aware of the interest rates, loan terms, total cost of the loan, and any additional fees. It's also important to understand your budget and ensure you can afford the monthly payments.

What factors can affect the loan interest rate for the Chery Arrizo6?

Factors that can affect the loan interest rate include your credit score, the loan amount, the loan term, and the current market rates. Lenders may offer different rates based on these factors.

Are there any specific documents required for a car loan application?

Yes, typically you will need to provide your identification, proof of income (like salary slips), bank statements, and sometimes a credit report. Each bank may have slightly different requirements.

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Chery Arrizo6 2020 1.5T Comfort Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,442

Down Payment

SAR 13,180

Total Cost

SAR 66,484

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,442	SAR 48,862
2	SAR 4,442	SAR 44,420
3	SAR 4,442	SAR 39,978
4	SAR 4,442	SAR 35,536
5	SAR 4,442	SAR 31,094
6	SAR 4,442	SAR 26,652
7	SAR 4,442	SAR 22,210
8	SAR 4,442	SAR 17,768
9	SAR 4,442	SAR 13,326
10	SAR 4,442	SAR 8,884
11	SAR 4,442	SAR 4,442
12	SAR 4,442	SAR 0

Monthly Payment Composition

Interest: 49

Principal: 4393

Chery Arrizo6 2020 1.5T Comfort Car Loan Calculator FAQs in KSA

To obtain a car loan for the Chery Arrizo6 in KSA, you need to provide necessary documents such as your ID, proof of income, and bank statements to the bank or financial institution. They will assess your creditworthiness and provide loan options.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
You should be aware of the interest rates, loan terms, total cost of the loan, and any additional fees. It's also important to understand your budget and ensure you can afford the monthly payments.
Factors that can affect the loan interest rate include your credit score, the loan amount, the loan term, and the current market rates. Lenders may offer different rates based on these factors.
Yes, typically you will need to provide your identification, proof of income (like salary slips), bank statements, and sometimes a credit report. Each bank may have slightly different requirements.