What is the car loan process for purchasing a Kia Sportage 2024 1.6T-GDI EX2 (AWD) in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and approving the loan terms before finalizing the purchase.

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

Yes, taking a car loan can impact your credit score as it involves a hard inquiry and your payment history will also be reported to credit bureaus.

What are the key factors I should consider when applying for a car loan in KSA?

Key factors include interest rates, loan terms, down payment, monthly payments, and your overall financial situation.

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

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

What factors can affect the interest rate of a car loan in KSA?

Factors include your credit score, the lender's policies, the loan amount, and the overall economic conditions.

CarteaCar Loan Calculator

Kia Sportage 2024 1.6T-GDI EX2 (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,354

Down Payment

SAR 30,728

Total Cost

SAR 154,976

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,354	SAR 113,894
2	SAR 10,354	SAR 103,540
3	SAR 10,354	SAR 93,186
4	SAR 10,354	SAR 82,832
5	SAR 10,354	SAR 72,478
6	SAR 10,354	SAR 62,124
7	SAR 10,354	SAR 51,770
8	SAR 10,354	SAR 41,416
9	SAR 10,354	SAR 31,062
10	SAR 10,354	SAR 20,708
11	SAR 10,354	SAR 10,354
12	SAR 10,354	SAR 0

Monthly Payment Composition

Interest: 112

Principal: 10242

Kia Sportage 2024 1.6T-GDI EX2 (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documents, and approving the loan terms before finalizing the purchase.
Yes, taking a car loan can impact your credit score as it involves a hard inquiry and your payment history will also be reported to credit bureaus.
Key factors include interest rates, loan terms, down payment, monthly payments, and your overall financial situation.
You typically need to provide identification, proof of income, bank statements, and sometimes a credit report.
Factors include your credit score, the lender's policies, the loan amount, and the overall economic conditions.