What is the loan process for purchasing a Kia Seltos 2023 1.6L EX in KSA?

The loan process typically involves applying for financing through a bank or dealership, providing necessary documentation such as income proof, and then getting approved based on your creditworthiness.

Will taking a car loan affect my credit score in KSA?

Yes, taking out a car loan can affect your credit score. Timely payments may improve your score, while missed payments can lower it.

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

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

What documents do I need to provide for a car loan application in KSA?

You typically need to provide proof of income, identification, residence proof, and sometimes bank statements.

Are there any hidden fees I should be aware of when applying for a car loan?

Yes, be aware of potential fees such as processing fees, insurance requirements, and early repayment penalties.

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Kia Seltos 2023 1.6L EX Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,099

Down Payment

SAR 21,068

Total Cost

SAR 106,256

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,099	SAR 78,089
2	SAR 7,099	SAR 70,990
3	SAR 7,099	SAR 63,891
4	SAR 7,099	SAR 56,792
5	SAR 7,099	SAR 49,693
6	SAR 7,099	SAR 42,594
7	SAR 7,099	SAR 35,495
8	SAR 7,099	SAR 28,396
9	SAR 7,099	SAR 21,297
10	SAR 7,099	SAR 14,198
11	SAR 7,099	SAR 7,099
12	SAR 7,099	SAR 0

Monthly Payment Composition

Interest: 77

Principal: 7022

Kia Seltos 2023 1.6L EX Car Loan Calculator FAQs in KSA

The loan process typically involves applying for financing through a bank or dealership, providing necessary documentation such as income proof, and then getting approved based on your creditworthiness.
Yes, taking out a car loan can affect your credit score. Timely payments may improve your score, while missed payments can lower it.
Factors include your credit score, the loan term, the amount financed, and current market interest rates.
You typically need to provide proof of income, identification, residence proof, and sometimes bank statements.
Yes, be aware of potential fees such as processing fees, insurance requirements, and early repayment penalties.