What is the car loan process for purchasing the Kia Sportage 2023 1.6T-GDI LX (AWD) in KSA?

To obtain a car loan for the Kia Sportage 2023 in KSA, you typically need to apply through a bank or financial institution, provide necessary documentation such as ID, proof of income, and choose the loan terms that suit you best.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Regular repayments can improve your score, while missed payments can negatively impact it.

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

Consider interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before applying.

How does the interest rate affect my car loan payments?

A higher interest rate will increase your monthly payments and the total amount you will pay over the life of the loan.

What documents are required to apply for a car loan in KSA?

You typically need to provide your national ID, proof of income, bank statements, and sometimes a credit report.

CarteaCar Loan Calculator

Kia Sportage 2023 1.6T-GDI LX (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,177

Down Payment

SAR 21,298

Total Cost

SAR 107,422

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,177	SAR 78,947
2	SAR 7,177	SAR 71,770
3	SAR 7,177	SAR 64,593
4	SAR 7,177	SAR 57,416
5	SAR 7,177	SAR 50,239
6	SAR 7,177	SAR 43,062
7	SAR 7,177	SAR 35,885
8	SAR 7,177	SAR 28,708
9	SAR 7,177	SAR 21,531
10	SAR 7,177	SAR 14,354
11	SAR 7,177	SAR 7,177
12	SAR 7,177	SAR 0

Monthly Payment Composition

Interest: 78

Principal: 7099

Kia Sportage 2023 1.6T-GDI LX (AWD) Car Loan Calculator FAQs in KSA

To obtain a car loan for the Kia Sportage 2023 in KSA, you typically need to apply through a bank or financial institution, provide necessary documentation such as ID, proof of income, and choose the loan terms that suit you best.
Yes, taking a car loan can affect your credit score. Regular repayments can improve your score, while missed payments can negatively impact it.
Consider interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before applying.
A higher interest rate will increase your monthly payments and the total amount you will pay over the life of the loan.
You typically need to provide your national ID, proof of income, bank statements, and sometimes a credit report.