What is the process for applying for a car loan for the Fiat 500 2024 1.4L Dolcevita Convertible in KSA?

To apply for a car loan, you typically need to visit a bank or financial institution, fill out an application form, provide required documentation like ID, income proof, and details about the car, and then wait for loan approval.

Will taking out a loan for the Fiat 500 affect my credit score?

Yes, taking out a loan can impact your credit score positively or negatively depending on your repayment habits. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when choosing a car loan?

You should consider the interest rates, loan terms, down payment requirements, monthly payment amounts, and any additional fees associated with the loan.

What are the common interest rates for car loans in KSA?

Common interest rates for car loans in KSA range from 3% to 6%, but this can vary depending on the bank and your credit history.

What documents are required to apply for a car loan?

Typically, you need to provide identification (like an Iqama or passport), proof of income (salary slip or bank statements), and details about the car you wish to purchase.

CarteaCar Loan Calculator

Fiat 500 2024 1.4L Dolcevita Convertible Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,360

Down Payment

SAR 18,875

Total Cost

SAR 95,195

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,360	SAR 69,960
2	SAR 6,360	SAR 63,600
3	SAR 6,360	SAR 57,240
4	SAR 6,360	SAR 50,880
5	SAR 6,360	SAR 44,520
6	SAR 6,360	SAR 38,160
7	SAR 6,360	SAR 31,800
8	SAR 6,360	SAR 25,440
9	SAR 6,360	SAR 19,080
10	SAR 6,360	SAR 12,720
11	SAR 6,360	SAR 6,360
12	SAR 6,360	SAR 0

Monthly Payment Composition

Interest: 69

Principal: 6291

Fiat 500 2024 1.4L Dolcevita Convertible Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to visit a bank or financial institution, fill out an application form, provide required documentation like ID, income proof, and details about the car, and then wait for loan approval.
Yes, taking out a loan can impact your credit score positively or negatively depending on your repayment habits. Timely payments can improve your score, while missed payments can lower it.
You should consider the interest rates, loan terms, down payment requirements, monthly payment amounts, and any additional fees associated with the loan.
Common interest rates for car loans in KSA range from 3% to 6%, but this can vary depending on the bank and your credit history.
Typically, you need to provide identification (like an Iqama or passport), proof of income (salary slip or bank statements), and details about the car you wish to purchase.