What is the process for obtaining a car loan for the Kia Sorento 2023 2.5L LX (RWD) in KSA?

To obtain a car loan for the Kia Sorento 2023, you need to provide required documents such as proof of income, identification, and the vehicle's details. Then, you can apply through a bank or dealership.

Will taking out a loan for the Kia Sorento affect my credit score?

Yes, taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can decrease it.

What factors should I consider when applying for a car loan?

Consider the interest rates, loan terms, your monthly budget, and any additional fees before applying for a car loan.

How do interest rates affect my car loan for the Kia Sorento?

Interest rates directly influence the total amount you will pay over the life of the loan. Higher rates increase your monthly payments and overall cost.

Are there any prepayment penalties for the car loan?

Some lenders may charge a prepayment penalty if you pay off your loan early. It's important to check the loan terms before signing.

CarteaCar Loan Calculator

Kia Sorento 2023 2.5L LX (RWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,378

Down Payment

SAR 27,830

Total Cost

SAR 140,366

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,378	SAR 103,158
2	SAR 9,378	SAR 93,780
3	SAR 9,378	SAR 84,402
4	SAR 9,378	SAR 75,024
5	SAR 9,378	SAR 65,646
6	SAR 9,378	SAR 56,268
7	SAR 9,378	SAR 46,890
8	SAR 9,378	SAR 37,512
9	SAR 9,378	SAR 28,134
10	SAR 9,378	SAR 18,756
11	SAR 9,378	SAR 9,378
12	SAR 9,378	SAR 0

Monthly Payment Composition

Interest: 102

Principal: 9276

Kia Sorento 2023 2.5L LX (RWD) Car Loan Calculator FAQs in KSA

To obtain a car loan for the Kia Sorento 2023, you need to provide required documents such as proof of income, identification, and the vehicle's details. Then, you can apply through a bank or dealership.
Yes, taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can decrease it.
Consider the interest rates, loan terms, your monthly budget, and any additional fees before applying for a car loan.
Interest rates directly influence the total amount you will pay over the life of the loan. Higher rates increase your monthly payments and overall cost.
Some lenders may charge a prepayment penalty if you pay off your loan early. It's important to check the loan terms before signing.