What is the process of obtaining a car loan for the JAC T8 2023 2.0T DC Classic (4x2) (Petrol) in KSA?

To obtain a car loan in KSA, you typically need to apply through a bank or financial institution, provide necessary documents such as ID, salary proof, and the vehicle's details, and then await approval which may take a few days.

Will taking a loan for the JAC T8 affect my credit score in KSA?

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

What factors should I consider before applying for a car loan for the JAC T8?

Consider your monthly income, existing debts, interest rates, loan tenure, and the total cost of the car including insurance and registration.

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

Interest rates for car loans in KSA typically range from 3% to 5%, but they can vary based on the bank and your credit profile.

What documentation is required to apply for a car loan for the JAC T8?

Common documentation includes your ID, proof of income (salary certificate), bank statements, and details of the vehicle you wish to finance.

CarteaCar Loan Calculator

JAC T8 2023 2.0T DC Classic (4x2) (Petrol) Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,799

Down Payment

SAR 14,243

Total Cost

SAR 71,831

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,799	SAR 52,789
2	SAR 4,799	SAR 47,990
3	SAR 4,799	SAR 43,191
4	SAR 4,799	SAR 38,392
5	SAR 4,799	SAR 33,593
6	SAR 4,799	SAR 28,794
7	SAR 4,799	SAR 23,995
8	SAR 4,799	SAR 19,196
9	SAR 4,799	SAR 14,397
10	SAR 4,799	SAR 9,598
11	SAR 4,799	SAR 4,799
12	SAR 4,799	SAR 0

Monthly Payment Composition

Interest: 52

Principal: 4747

JAC T8 2023 2.0T DC Classic (4x2) (Petrol) Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you typically need to apply through a bank or financial institution, provide necessary documents such as ID, salary proof, and the vehicle's details, and then await approval which may take a few days.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your monthly income, existing debts, interest rates, loan tenure, and the total cost of the car including insurance and registration.
Interest rates for car loans in KSA typically range from 3% to 5%, but they can vary based on the bank and your credit profile.
Common documentation includes your ID, proof of income (salary certificate), bank statements, and details of the vehicle you wish to finance.