What is the process for obtaining a car loan for the Chery Tiggo 8 Pro Max 2023 2.0T Flagship in KSA?

To obtain a car loan in KSA, you typically need to provide proof of income, identity documents, and details of the vehicle. After submitting your application, the bank will assess your creditworthiness and may approve the loan within a few days.

Will taking out a loan for the Chery Tiggo 8 Pro Max affect my credit score?

Yes, applying for a loan can impact your credit score. Each loan application may result in a hard inquiry on your credit report, which can temporarily decrease your score. However, making timely payments can improve your score over time.

What factors should I consider when choosing a car loan for the Chery Tiggo 8 Pro Max?

Consider the interest rate, loan term, down payment requirements, and any additional fees. It's also important to evaluate the lender's reputation and customer service.

How does the exchange rate affect my car loan in KSA?

The exchange rate can impact the cost of imported vehicles and any foreign currency loans. If the Saudi Riyal weakens against the currency of the loan, your repayment amount may increase.

What documents do I need to apply for a car loan for the Chery Tiggo 8 Pro Max?

You will typically need your national ID or residency permit, salary certificate or pay slips, bank statements, and details of the vehicle you wish to purchase.

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Chery Tiggo 8 Pro Max 2023 2.0T Flagship Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,238

Down Payment

SAR 27,416

Total Cost

SAR 138,272

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,238	SAR 101,618
2	SAR 9,238	SAR 92,380
3	SAR 9,238	SAR 83,142
4	SAR 9,238	SAR 73,904
5	SAR 9,238	SAR 64,666
6	SAR 9,238	SAR 55,428
7	SAR 9,238	SAR 46,190
8	SAR 9,238	SAR 36,952
9	SAR 9,238	SAR 27,714
10	SAR 9,238	SAR 18,476
11	SAR 9,238	SAR 9,238
12	SAR 9,238	SAR 0

Monthly Payment Composition

Interest: 100

Principal: 9138

Chery Tiggo 8 Pro Max 2023 2.0T Flagship Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you typically need to provide proof of income, identity documents, and details of the vehicle. After submitting your application, the bank will assess your creditworthiness and may approve the loan within a few days.
Yes, applying for a loan can impact your credit score. Each loan application may result in a hard inquiry on your credit report, which can temporarily decrease your score. However, making timely payments can improve your score over time.
Consider the interest rate, loan term, down payment requirements, and any additional fees. It's also important to evaluate the lender's reputation and customer service.
The exchange rate can impact the cost of imported vehicles and any foreign currency loans. If the Saudi Riyal weakens against the currency of the loan, your repayment amount may increase.
You will typically need your national ID or residency permit, salary certificate or pay slips, bank statements, and details of the vehicle you wish to purchase.