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

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing required documentation, and then signing the loan agreement upon approval.

Will taking a loan for Kia Sportage affect my credit score?

Yes, taking a loan can affect your credit score. It may improve your score if you make timely payments but could lower it if you miss payments.

What should I be aware of when applying for a car loan?

You should be aware of the interest rates, loan terms, monthly payments, and any additional fees associated with the loan.

What factors can affect the loan interest rate for my Kia Sportage?

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

Can I refinance my loan for the Kia Sportage later?

Yes, you can refinance your loan later if you find a better interest rate or if your financial situation improves.

CarteaCar Loan Calculator

Kia Sportage 2024 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 7,805

Down Payment

SAR 23,161

Total Cost

SAR 116,821

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,805	SAR 85,855
2	SAR 7,805	SAR 78,050
3	SAR 7,805	SAR 70,245
4	SAR 7,805	SAR 62,440
5	SAR 7,805	SAR 54,635
6	SAR 7,805	SAR 46,830
7	SAR 7,805	SAR 39,025
8	SAR 7,805	SAR 31,220
9	SAR 7,805	SAR 23,415
10	SAR 7,805	SAR 15,610
11	SAR 7,805	SAR 7,805
12	SAR 7,805	SAR 0

Monthly Payment Composition

Interest: 85

Principal: 7720

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

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing required documentation, and then signing the loan agreement upon approval.
Yes, taking a loan can affect your credit score. It may improve your score if you make timely payments but could lower it if you miss payments.
You should be aware of the interest rates, loan terms, monthly payments, and any additional fees associated with the loan.
Factors include your credit score, the loan amount, the loan term, and current market interest rates.
Yes, you can refinance your loan later if you find a better interest rate or if your financial situation improves.