What is the car loan process for purchasing a JAC S3 2023 1.6L Luxury in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financing company, submitting required documents, and then signing the loan agreement once approved.

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

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

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

Consider factors such as the interest rate, loan term, monthly payments, your credit score, and any additional fees associated with the loan.

What is the typical interest rate for a car loan in KSA?

The typical interest rate for a car loan in KSA can range from 3% to 6%, depending on your credit profile and the bank's policies.

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

You typically need identification documents, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

JAC S3 2023 1.6L Luxury Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,230

Down Payment

SAR 12,552

Total Cost

SAR 63,312

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,230	SAR 46,530
2	SAR 4,230	SAR 42,300
3	SAR 4,230	SAR 38,070
4	SAR 4,230	SAR 33,840
5	SAR 4,230	SAR 29,610
6	SAR 4,230	SAR 25,380
7	SAR 4,230	SAR 21,150
8	SAR 4,230	SAR 16,920
9	SAR 4,230	SAR 12,690
10	SAR 4,230	SAR 8,460
11	SAR 4,230	SAR 4,230
12	SAR 4,230	SAR 0

Monthly Payment Composition

Interest: 47

Principal: 4183

JAC S3 2023 1.6L Luxury Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financing company, submitting required documents, and then signing the loan agreement once approved.
Yes, taking a car loan can affect your credit score. If you make timely payments, it may improve your credit score, but missed payments can negatively impact it.
Consider factors such as the interest rate, loan term, monthly payments, your credit score, and any additional fees associated with the loan.
The typical interest rate for a car loan in KSA can range from 3% to 6%, depending on your credit profile and the bank's policies.
You typically need identification documents, proof of income, bank statements, and details about the vehicle you wish to purchase.