What are the loan options available for purchasing a Kia Picanto 2024 1.2L LX in KSA?

In KSA, you can find various loan options from banks and financial institutions, including fixed-rate loans, variable-rate loans, and personal loans specifically for vehicle purchases.

How do I apply for a car loan for the Kia Picanto 2024 1.2L LX?

To apply for a car loan, you typically need to visit your chosen bank or financial institution, provide necessary documents such as income proof, ID, and vehicle details, and complete their 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 harm it.

What factors should I consider before taking a car loan?

Consider the interest rate, loan term, monthly payments, your budget, and whether you can afford the total cost of the car including insurance and maintenance.

What factors influence the loan interest rate for the Kia Picanto 2024 1.2L LX?

Factors include your credit score, the loan amount, the loan term, and current market interest rates.

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Kia Picanto 2024 1.2L LX Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,844

Down Payment

SAR 11,408

Total Cost

SAR 57,536

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,844	SAR 42,284
2	SAR 3,844	SAR 38,440
3	SAR 3,844	SAR 34,596
4	SAR 3,844	SAR 30,752
5	SAR 3,844	SAR 26,908
6	SAR 3,844	SAR 23,064
7	SAR 3,844	SAR 19,220
8	SAR 3,844	SAR 15,376
9	SAR 3,844	SAR 11,532
10	SAR 3,844	SAR 7,688
11	SAR 3,844	SAR 3,844
12	SAR 3,844	SAR 0

Monthly Payment Composition

Interest: 42

Principal: 3802

Kia Picanto 2024 1.2L LX Car Loan Calculator FAQs in KSA

In KSA, you can find various loan options from banks and financial institutions, including fixed-rate loans, variable-rate loans, and personal loans specifically for vehicle purchases.
To apply for a car loan, you typically need to visit your chosen bank or financial institution, provide necessary documents such as income proof, ID, and vehicle details, and complete their application form.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Consider the interest rate, loan term, monthly payments, your budget, and whether you can afford the total cost of the car including insurance and maintenance.
Factors include your credit score, the loan amount, the loan term, and current market interest rates.