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MG5 1.5L CVT COM Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,748

Down Payment

SAR 11,123

Total Cost

SAR 56,099

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,748	SAR 41,228
2	SAR 3,748	SAR 37,480
3	SAR 3,748	SAR 33,732
4	SAR 3,748	SAR 29,984
5	SAR 3,748	SAR 26,236
6	SAR 3,748	SAR 22,488
7	SAR 3,748	SAR 18,740
8	SAR 3,748	SAR 14,992
9	SAR 3,748	SAR 11,244
10	SAR 3,748	SAR 7,496
11	SAR 3,748	SAR 3,748
12	SAR 3,748	SAR 0

Monthly Payment Composition

Interest: 41

Principal: 3707

MG5 1.5L CVT COM Car Loan Calculator FAQs in KSA

To obtain a car loan for the MG5 1.5L CVT COM in KSA, you need to choose a bank, submit your application along with required documents such as proof of income, identification, and credit history. The bank will then evaluate your application and offer loan terms.

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

You should consider interest rates, loan terms, your credit score, monthly payment affordability, and the total cost of the car including insurance and taxes.

The typical interest rate for car loans in KSA can range from 3% to 6% depending on the bank and your creditworthiness.

Typically, you will need to provide proof of income, a copy of your national ID or residence permit, details of the vehicle, and possibly your credit report.