What is Seal Premium car loan in KSA?

Seal Premium car loan is a financing option offered by banks in KSA that allows individuals to purchase vehicles with flexible repayment terms and competitive interest rates.

How can I apply for a Seal Premium car loan?

You can apply for a Seal Premium car loan by visiting your bank's branch, filling out an application form, and providing the necessary documents such as your ID, proof of income, and vehicle details.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan may result in a hard inquiry on your credit report, which can temporarily lower your credit score. However, timely payments can improve it over time.

What should I be aware of when taking a car loan?

When taking a car loan, be aware of the interest rates, loan tenure, monthly installments, and any additional fees or insurance requirements.

What factors can affect the loan interest rate?

Factors affecting the loan interest rate include your credit score, the loan amount, the term of the loan, and current market conditions.

CarteaCar Loan Calculator

Seal Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 11,922

Down Payment

SAR 35,380

Total Cost

SAR 178,444

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 11,922	SAR 131,142
2	SAR 11,922	SAR 119,220
3	SAR 11,922	SAR 107,298
4	SAR 11,922	SAR 95,376
5	SAR 11,922	SAR 83,454
6	SAR 11,922	SAR 71,532
7	SAR 11,922	SAR 59,610
8	SAR 11,922	SAR 47,688
9	SAR 11,922	SAR 35,766
10	SAR 11,922	SAR 23,844
11	SAR 11,922	SAR 11,922
12	SAR 11,922	SAR 0

Monthly Payment Composition

Interest: 129

Principal: 11793

Seal Premium Car Loan Calculator FAQs in KSA

Seal Premium car loan is a financing option offered by banks in KSA that allows individuals to purchase vehicles with flexible repayment terms and competitive interest rates.
You can apply for a Seal Premium car loan by visiting your bank's branch, filling out an application form, and providing the necessary documents such as your ID, proof of income, and vehicle details.
Yes, applying for a car loan may result in a hard inquiry on your credit report, which can temporarily lower your credit score. However, timely payments can improve it over time.
When taking a car loan, be aware of the interest rates, loan tenure, monthly installments, and any additional fees or insurance requirements.
Factors affecting the loan interest rate include your credit score, the loan amount, the term of the loan, and current market conditions.