What is the car loan for the Kia Cerato 2023 1.6L LX in KSA?

The car loan for the Kia Cerato 2023 1.6L LX in KSA is a financing option provided by banks or financial institutions that allows you to purchase the vehicle by paying in installments over a specified period.

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

To apply for a car loan for the Kia Cerato 2023, you need to visit a bank or financial institution, submit your identification documents, proof of income, and complete the application form.

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 negatively impact it.

What should I consider before taking a car loan?

Before taking a car loan, consider the interest rates, your monthly budget, loan term, and any additional fees associated with the loan.

What factors can affect the loan interest rate?

Factors that can affect the loan interest rate include your credit score, the amount of down payment, market interest rates, and the loan term.

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Kia Cerato 2023 1.6L LX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,425

Down Payment

SAR 16,100

Total Cost

SAR 81,200

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,425	SAR 59,675
2	SAR 5,425	SAR 54,250
3	SAR 5,425	SAR 48,825
4	SAR 5,425	SAR 43,400
5	SAR 5,425	SAR 37,975
6	SAR 5,425	SAR 32,550
7	SAR 5,425	SAR 27,125
8	SAR 5,425	SAR 21,700
9	SAR 5,425	SAR 16,275
10	SAR 5,425	SAR 10,850
11	SAR 5,425	SAR 5,425
12	SAR 5,425	SAR 0

Monthly Payment Composition

Interest: 59

Principal: 5366

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

The car loan for the Kia Cerato 2023 1.6L LX in KSA is a financing option provided by banks or financial institutions that allows you to purchase the vehicle by paying in installments over a specified period.
To apply for a car loan for the Kia Cerato 2023, you need to visit a bank or financial institution, submit your identification documents, proof of income, and complete the application form.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Before taking a car loan, consider the interest rates, your monthly budget, loan term, and any additional fees associated with the loan.
Factors that can affect the loan interest rate include your credit score, the amount of down payment, market interest rates, and the loan term.