Chevrolet Groove 2024 1.5L LT Car Loan Calculator in KSA
To finance this car, you can first calculate the installment price in KSA
Monthly Payment
SAR 4,061
Down Payment
SAR 12,050
Total Cost
SAR 60,782
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | SAR 4,061 | SAR 44,671 |
| 2 | SAR 4,061 | SAR 40,610 |
| 3 | SAR 4,061 | SAR 36,549 |
| 4 | SAR 4,061 | SAR 32,488 |
| 5 | SAR 4,061 | SAR 28,427 |
| 6 | SAR 4,061 | SAR 24,366 |
| 7 | SAR 4,061 | SAR 20,305 |
| 8 | SAR 4,061 | SAR 16,244 |
| 9 | SAR 4,061 | SAR 12,183 |
| 10 | SAR 4,061 | SAR 8,122 |
| 11 | SAR 4,061 | SAR 4,061 |
| 12 | SAR 4,061 | SAR 0 |
Monthly Payment Composition
Interest: 45
Principal: 4016
Chevrolet Groove 2024 1.5L LT Car Loan Calculator FAQs in KSA
The process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, submitting required documents, and awaiting approval. Once approved, you can finalize the purchase.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can harm it.
Consider your credit score, interest rates offered by different banks, loan terms, down payment amount, and your monthly budget.
Interest rates for car loans in KSA can vary between 3% to 7% depending on the bank, your credit score, and the loan term.
You will typically need to provide identification, proof of income, bank statements, and details about the vehicle you intend to purchase.
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