What is the SONG PLUS DMI Design car loan in KSA?

The SONG PLUS DMI Design car loan in KSA is a financial product that allows you to finance the purchase of a SONG PLUS DMI Design vehicle through a bank or financial institution, typically with fixed or variable interest rates.

How do I apply for a SONG PLUS DMI Design car loan?

To apply for a SONG PLUS DMI Design car loan, you typically need to gather required documents such as your ID, proof of income, and bank statements, and then submit an application to a bank or financial institution.

Will taking a car loan affect my credit score?

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

What should I consider before taking a car loan?

Before taking a car loan, consider the interest rates, loan terms, total cost of the loan, your monthly budget, and whether you can afford the repayment.

What factors can affect the car loan interest rate?

Factors that can affect the car loan interest rate include your credit score, the loan amount, the loan term, current market rates, and the bank's policies.

CarteaCar Loan Calculator

SONG PLUS DMI Design Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,024

Down Payment

SAR 26,780

Total Cost

SAR 135,068

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,024	SAR 99,264
2	SAR 9,024	SAR 90,240
3	SAR 9,024	SAR 81,216
4	SAR 9,024	SAR 72,192
5	SAR 9,024	SAR 63,168
6	SAR 9,024	SAR 54,144
7	SAR 9,024	SAR 45,120
8	SAR 9,024	SAR 36,096
9	SAR 9,024	SAR 27,072
10	SAR 9,024	SAR 18,048
11	SAR 9,024	SAR 9,024
12	SAR 9,024	SAR 0

Monthly Payment Composition

Interest: 98

Principal: 8926

SONG PLUS DMI Design Car Loan Calculator FAQs in KSA

The SONG PLUS DMI Design car loan in KSA is a financial product that allows you to finance the purchase of a SONG PLUS DMI Design vehicle through a bank or financial institution, typically with fixed or variable interest rates.
To apply for a SONG PLUS DMI Design car loan, you typically need to gather required documents such as your ID, proof of income, and bank statements, and then submit an application to a bank or financial institution.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Before taking a car loan, consider the interest rates, loan terms, total cost of the loan, your monthly budget, and whether you can afford the repayment.
Factors that can affect the car loan interest rate include your credit score, the loan amount, the loan term, current market rates, and the bank's policies.