What is the car loan process for a Grand i10 1.2 FLT in KSA?

The car loan process typically involves choosing a bank, submitting your application with necessary documents, and receiving loan approval based on your creditworthiness.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.

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

Consider your financial situation, interest rates, loan terms, and the total cost of the vehicle, including insurance and maintenance.

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

Interest rates for car loans in KSA typically range from 3% to 8%, depending on the bank and your credit profile.

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

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

CarteaCar Loan Calculator

Grand i10 1.2 FLT Car Loan Calculator in KSA

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

Monthly Payment

SAR 2,684

Down Payment

SAR 7,965

Total Cost

SAR 40,173

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 2,684	SAR 29,524
2	SAR 2,684	SAR 26,840
3	SAR 2,684	SAR 24,156
4	SAR 2,684	SAR 21,472
5	SAR 2,684	SAR 18,788
6	SAR 2,684	SAR 16,104
7	SAR 2,684	SAR 13,420
8	SAR 2,684	SAR 10,736
9	SAR 2,684	SAR 8,052
10	SAR 2,684	SAR 5,368
11	SAR 2,684	SAR 2,684
12	SAR 2,684	SAR 0

Monthly Payment Composition

Interest: 30

Principal: 2654

Grand i10 1.2 FLT Car Loan Calculator FAQs in KSA

The car loan process typically involves choosing a bank, submitting your application with necessary documents, and receiving loan approval based on your creditworthiness.
Yes, taking a car loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
Consider your financial situation, interest rates, loan terms, and the total cost of the vehicle, including insurance and maintenance.
Interest rates for car loans in KSA typically range from 3% to 8%, depending on the bank and your credit profile.
You will need your ID, proof of income, bank statements, and details of the vehicle you wish to purchase.