What are the requirements to apply for a car loan for the Kia Sorento 2023 2.2L LX (AWD) DSL in KSA?

To apply for a car loan, you typically need to provide proof of income, identification documents, and details about the vehicle. Some banks may also require a credit history check.

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

Taking a car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.

What factors can affect the interest rate for my car loan in KSA?

Interest rates can be influenced by your credit score, the loan amount, the loan term, and the current economic conditions.

Are there any fees associated with taking a car loan in KSA?

Yes, there may be fees such as processing fees, documentation fees, and early repayment fees depending on the bank's policy.

What should I consider before signing a car loan agreement in KSA?

Before signing, consider the total loan amount, interest rate, monthly payments, loan term, and any penalties for late payments.

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Kia Sorento 2023 2.2L LX (AWD) DSL Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,153

Down Payment

SAR 30,130

Total Cost

SAR 151,966

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,153	SAR 111,683
2	SAR 10,153	SAR 101,530
3	SAR 10,153	SAR 91,377
4	SAR 10,153	SAR 81,224
5	SAR 10,153	SAR 71,071
6	SAR 10,153	SAR 60,918
7	SAR 10,153	SAR 50,765
8	SAR 10,153	SAR 40,612
9	SAR 10,153	SAR 30,459
10	SAR 10,153	SAR 20,306
11	SAR 10,153	SAR 10,153
12	SAR 10,153	SAR 0

Monthly Payment Composition

Interest: 110

Principal: 10043

Kia Sorento 2023 2.2L LX (AWD) DSL Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to provide proof of income, identification documents, and details about the vehicle. Some banks may also require a credit history check.
Taking a car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it.
Interest rates can be influenced by your credit score, the loan amount, the loan term, and the current economic conditions.
Yes, there may be fees such as processing fees, documentation fees, and early repayment fees depending on the bank's policy.
Before signing, consider the total loan amount, interest rate, monthly payments, loan term, and any penalties for late payments.