MG 6 2023 1.5T LUX Car Loan Calculator in KSA
To finance this car, you can first calculate the installment price in KSA
Monthly Payment
SAR 5,619
Down Payment
SAR 16,675
Total Cost
SAR 84,103
Car Loan Monthly Installments Schedule
| Repayment Schedule | Monthly Repayment | Remaining repayment amount |
|---|---|---|
| 1 | SAR 5,619 | SAR 61,809 |
| 2 | SAR 5,619 | SAR 56,190 |
| 3 | SAR 5,619 | SAR 50,571 |
| 4 | SAR 5,619 | SAR 44,952 |
| 5 | SAR 5,619 | SAR 39,333 |
| 6 | SAR 5,619 | SAR 33,714 |
| 7 | SAR 5,619 | SAR 28,095 |
| 8 | SAR 5,619 | SAR 22,476 |
| 9 | SAR 5,619 | SAR 16,857 |
| 10 | SAR 5,619 | SAR 11,238 |
| 11 | SAR 5,619 | SAR 5,619 |
| 12 | SAR 5,619 | SAR 0 |
Monthly Payment Composition
Interest: 61
Principal: 5558
MG 6 2023 1.5T LUX Car Loan Calculator FAQs in KSA
Typical loan terms for financing an MG 6 2023 1.5T LUX in KSA can range from 1 to 7 years, with interest rates varying between 3% and 7%.
Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can improve your credit score over time.
You will typically need your ID, proof of income, bank statements, and details about the vehicle to apply for a car loan.
Factors that can affect the interest rate include your credit score, the loan term, current market rates, and the overall economic conditions.
Financing through a bank may offer better rates and terms, but dealer financing can be more convenient. It's essential to compare both options.
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