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

The car loan process typically involves selecting your vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and awaiting approval before finalizing the purchase.

Will taking a car loan for the Creta 1.5 GL IVT affect my credit score in KSA?

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

What factors should I consider before applying for a car loan in KSA?

You should consider your credit history, income stability, the loan interest rate, the loan term, and any additional fees.

What is the typical interest rate for a car loan for the Creta 1.5 GL IVT in KSA?

Interest rates for car loans in KSA can vary, but they generally range from 3% to 7% depending on the bank and the applicant's creditworthiness.

What documents do I need to apply for a car loan in KSA?

You typically need a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

Creta 1.5 GL IVT Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,165

Down Payment

SAR 15,329

Total Cost

SAR 77,309

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,165	SAR 56,815
2	SAR 5,165	SAR 51,650
3	SAR 5,165	SAR 46,485
4	SAR 5,165	SAR 41,320
5	SAR 5,165	SAR 36,155
6	SAR 5,165	SAR 30,990
7	SAR 5,165	SAR 25,825
8	SAR 5,165	SAR 20,660
9	SAR 5,165	SAR 15,495
10	SAR 5,165	SAR 10,330
11	SAR 5,165	SAR 5,165
12	SAR 5,165	SAR 0

Monthly Payment Composition

Interest: 56

Principal: 5109

Creta 1.5 GL IVT Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting your vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and awaiting approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.
You should consider your credit history, income stability, the loan interest rate, the loan term, and any additional fees.
Interest rates for car loans in KSA can vary, but they generally range from 3% to 7% depending on the bank and the applicant's creditworthiness.
You typically need a valid ID, proof of income, bank statements, and details about the vehicle you wish to purchase.