What is the car loan process for purchasing a Seltos GL in KSA?

The car loan process typically involves choosing a bank, filling out an application, providing necessary documents, and receiving approval before finalizing the purchase.

Will taking a loan for the Seltos GL affect my credit score?

Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when applying for a car loan?

Consider the interest rates, loan terms, monthly payments, and your overall financial situation before applying.

How does the loan interest rate affect my monthly payments?

A higher interest rate will increase your monthly payments, while a lower interest rate will decrease them.

What documents are required for a car loan application in KSA?

Common documents include your ID, proof of income, bank statements, and any existing loan agreements.

CarteaCar Loan Calculator

Seltos GL Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,890

Down Payment

SAR 17,480

Total Cost

SAR 88,160

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,890	SAR 64,790
2	SAR 5,890	SAR 58,900
3	SAR 5,890	SAR 53,010
4	SAR 5,890	SAR 47,120
5	SAR 5,890	SAR 41,230
6	SAR 5,890	SAR 35,340
7	SAR 5,890	SAR 29,450
8	SAR 5,890	SAR 23,560
9	SAR 5,890	SAR 17,670
10	SAR 5,890	SAR 11,780
11	SAR 5,890	SAR 5,890
12	SAR 5,890	SAR 0

Monthly Payment Composition

Interest: 64

Principal: 5826

Seltos GL Car Loan Calculator FAQs in KSA

The car loan process typically involves choosing a bank, filling out an application, providing necessary documents, and receiving approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rates, loan terms, monthly payments, and your overall financial situation before applying.
A higher interest rate will increase your monthly payments, while a lower interest rate will decrease them.
Common documents include your ID, proof of income, bank statements, and any existing loan agreements.