What are the requirements for obtaining a car loan for the Kia EV9 2024 in KSA?

Typically, you will need proof of income, identification, and a good credit score to qualify for a car loan in KSA.

How does a car loan affect my credit score in KSA?

Taking out a car loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve it over time.

Interest rates are influenced by your credit score, loan term, the lender's policies, and the current market conditions.

Yes, refinancing is possible and may help you secure a lower interest rate or better loan terms.

Make sure to compare different lenders, read the loan terms carefully, and understand all fees involved.

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

Total Car PriceSAR 390,000

Down PaymentSAR 78,000

Typically, you will need proof of income, identification, and a good credit score to qualify for a car loan in KSA.
Taking out a car loan can initially lower your credit score due to the hard inquiry, but making timely payments can improve it over time.
Interest rates are influenced by your credit score, loan term, the lender's policies, and the current market conditions.
Yes, refinancing is possible and may help you secure a lower interest rate or better loan terms.
Make sure to compare different lenders, read the loan terms carefully, and understand all fees involved.