What is the car loan process for purchasing the Jetour X70 Plus 2023 1.6T Luxury (7 Seater) in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan at a bank or financial institution, providing necessary documentation, and signing the loan agreement.

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

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

What factors should I consider when applying for a car loan for the Jetour X70 Plus?

Consider factors such as your credit score, interest rates, loan terms, down payment, and your monthly budget.

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

Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your creditworthiness.

What documents do I need to provide for a car loan application?

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

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Jetour X70 Plus 2023 1.6T Luxury (7 Seater) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,363

Down Payment

SAR 21,850

Total Cost

SAR 110,206

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,363	SAR 80,993
2	SAR 7,363	SAR 73,630
3	SAR 7,363	SAR 66,267
4	SAR 7,363	SAR 58,904
5	SAR 7,363	SAR 51,541
6	SAR 7,363	SAR 44,178
7	SAR 7,363	SAR 36,815
8	SAR 7,363	SAR 29,452
9	SAR 7,363	SAR 22,089
10	SAR 7,363	SAR 14,726
11	SAR 7,363	SAR 7,363
12	SAR 7,363	SAR 0

Monthly Payment Composition

Interest: 80

Principal: 7283

Jetour X70 Plus 2023 1.6T Luxury (7 Seater) Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan at a bank or financial institution, providing necessary documentation, and signing the loan agreement.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your credit score, while missed payments can lower it.
Consider factors such as your credit score, interest rates, loan terms, down payment, and your monthly budget.
Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your creditworthiness.
You typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.