What is the car loan process for purchasing a Creta 1.5 GL 6MT in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then signing the loan agreement after approval.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. It may improve your credit history if you make payments on time, but missed payments can negatively impact your score.

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

Consider your credit score, interest rates, loan terms, monthly payments, and the total cost of the loan when applying for a car loan.

How does the loan interest rate affect my monthly payments?

A higher interest rate will increase your monthly payments, while a lower interest rate will decrease them. It’s important to shop around for the best rate.

What documents are required to apply for a car loan in KSA?

Typically, you will need your ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Creta 1.5 GL 6MT Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,697

Down Payment

SAR 13,939

Total Cost

SAR 70,303

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,697	SAR 51,667
2	SAR 4,697	SAR 46,970
3	SAR 4,697	SAR 42,273
4	SAR 4,697	SAR 37,576
5	SAR 4,697	SAR 32,879
6	SAR 4,697	SAR 28,182
7	SAR 4,697	SAR 23,485
8	SAR 4,697	SAR 18,788
9	SAR 4,697	SAR 14,091
10	SAR 4,697	SAR 9,394
11	SAR 4,697	SAR 4,697
12	SAR 4,697	SAR 0

Monthly Payment Composition

Interest: 51

Principal: 4646

Creta 1.5 GL 6MT Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and then signing the loan agreement after approval.
Yes, taking a car loan can affect your credit score. It may improve your credit history if you make payments on time, but missed payments can negatively impact your score.
Consider your credit score, interest rates, loan terms, monthly payments, and the total cost of the loan when applying for a car loan.
A higher interest rate will increase your monthly payments, while a lower interest rate will decrease them. It’s important to shop around for the best rate.
Typically, you will need your ID, proof of income, bank statements, and details about the vehicle you wish to purchase.