What are the financing options available for purchasing a Kia Picanto 2023 1.2L LX in KSA?

In KSA, you can choose between various financing options such as bank loans, leasing, and installment plans offered by dealerships.

How do I apply for a car loan for the Kia Picanto 2023 1.2L LX?

You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing necessary documents such as income proof and ID.

Will taking a loan affect my credit score?

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

What should I be aware of when taking a car loan?

Be aware of the interest rates, loan terms, additional fees, and your repayment capacity before signing any agreement.

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

Factors include your credit score, loan amount, repayment period, and the current economic conditions in KSA.

CarteaCar Loan Calculator

Kia Picanto 2023 1.2L LX Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,798

Down Payment

SAR 11,270

Total Cost

SAR 56,846

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,798	SAR 41,778
2	SAR 3,798	SAR 37,980
3	SAR 3,798	SAR 34,182
4	SAR 3,798	SAR 30,384
5	SAR 3,798	SAR 26,586
6	SAR 3,798	SAR 22,788
7	SAR 3,798	SAR 18,990
8	SAR 3,798	SAR 15,192
9	SAR 3,798	SAR 11,394
10	SAR 3,798	SAR 7,596
11	SAR 3,798	SAR 3,798
12	SAR 3,798	SAR 0

Monthly Payment Composition

Interest: 42

Principal: 3756

Kia Picanto 2023 1.2L LX Car Loan Calculator FAQs in KSA

In KSA, you can choose between various financing options such as bank loans, leasing, and installment plans offered by dealerships.
You can apply for a car loan by visiting a bank or financial institution, filling out an application form, and providing necessary documents such as income proof and ID.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Be aware of the interest rates, loan terms, additional fees, and your repayment capacity before signing any agreement.
Factors include your credit score, loan amount, repayment period, and the current economic conditions in KSA.