What is the process for obtaining a car loan for Kia Cerato 2024 1.6L LX in KSA?

To obtain a car loan for Kia Cerato 2024 1.6L LX in KSA, you will need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and fill out an application. The bank will then evaluate your creditworthiness and loan eligibility.

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 can positively impact your credit score, but missed payments can harm it.

What should I consider before applying for a car loan for Kia Cerato 2024 1.6L LX?

Before applying for a car loan, consider your monthly budget, the total cost of the car including interest, your credit score, and the loan terms offered by different banks.

What factors can influence the interest rate of a car loan in KSA?

Factors influencing the interest rate of a car loan include your credit score, the loan amount, the loan term, and the bank's current interest rate policies.

Are there any additional fees associated with a car loan for Kia Cerato 2024 1.6L LX?

Yes, there may be additional fees such as processing fees, insurance costs, or early repayment penalties depending on the bank’s policies.

CarteaCar Loan Calculator

Cerato 1.6L LX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,472

Down Payment

SAR 16,238

Total Cost

SAR 81,902

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,472	SAR 60,192
2	SAR 5,472	SAR 54,720
3	SAR 5,472	SAR 49,248
4	SAR 5,472	SAR 43,776
5	SAR 5,472	SAR 38,304
6	SAR 5,472	SAR 32,832
7	SAR 5,472	SAR 27,360
8	SAR 5,472	SAR 21,888
9	SAR 5,472	SAR 16,416
10	SAR 5,472	SAR 10,944
11	SAR 5,472	SAR 5,472
12	SAR 5,472	SAR 0

Monthly Payment Composition

Interest: 60

Principal: 5412

Cerato 1.6L LX Car Loan Calculator FAQs in KSA

To obtain a car loan for Kia Cerato 2024 1.6L LX in KSA, you will need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and fill out an application. The bank will then evaluate your creditworthiness and loan eligibility.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can positively impact your credit score, but missed payments can harm it.
Before applying for a car loan, consider your monthly budget, the total cost of the car including interest, your credit score, and the loan terms offered by different banks.
Factors influencing the interest rate of a car loan include your credit score, the loan amount, the loan term, and the bank's current interest rate policies.
Yes, there may be additional fees such as processing fees, insurance costs, or early repayment penalties depending on the bank’s policies.