What are the loan options available for purchasing a 2023 Kia Cerato 1.6L EX in KSA?

In KSA, you can choose between various loan options such as fixed-rate loans, variable-rate loans, and leasing options from banks and financial institutions.

How do I apply for a car loan for the Kia Cerato 2023?

You can apply for a car loan by visiting a bank or financial institution's website, or directly at their branch with required documents such as your ID, income proof, and vehicle details.

Will taking a car loan affect my credit score?

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

What should I consider before taking a car loan?

Consider factors such as the interest rate, loan term, your monthly budget, and any additional fees before taking a car loan.

What factors can affect the interest rate of my car loan?

Factors such as your credit score, loan amount, loan term, and the bank's policies can affect the interest rate of your car loan.

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Kia Cerato 2023 1.6L EX Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,177

Down Payment

SAR 21,298

Total Cost

SAR 107,422

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,177	SAR 78,947
2	SAR 7,177	SAR 71,770
3	SAR 7,177	SAR 64,593
4	SAR 7,177	SAR 57,416
5	SAR 7,177	SAR 50,239
6	SAR 7,177	SAR 43,062
7	SAR 7,177	SAR 35,885
8	SAR 7,177	SAR 28,708
9	SAR 7,177	SAR 21,531
10	SAR 7,177	SAR 14,354
11	SAR 7,177	SAR 7,177
12	SAR 7,177	SAR 0

Monthly Payment Composition

Interest: 78

Principal: 7099

Kia Cerato 2023 1.6L EX Car Loan Calculator FAQs in KSA

In KSA, you can choose between various loan options such as fixed-rate loans, variable-rate loans, and leasing options from banks and financial institutions.
You can apply for a car loan by visiting a bank or financial institution's website, or directly at their branch with required documents such as your ID, income proof, and vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider factors such as the interest rate, loan term, your monthly budget, and any additional fees before taking a car loan.
Factors such as your credit score, loan amount, loan term, and the bank's policies can affect the interest rate of your car loan.