What is the car loan process for buying a SUNNY SV in KSA?

To obtain a car loan for a SUNNY SV in KSA, you need to choose a bank, provide necessary documents like your ID, income proof, and details of the vehicle, and then submit your loan application for approval.

Does applying for a car loan affect my credit score?

Yes, applying for a car loan can impact your credit score, as banks conduct a credit check to assess your eligibility. Multiple inquiries in a short time can lower your score.

What factors influence the interest rate of my car loan?

The interest rate on your car loan can be influenced by your credit score, the loan amount, the loan term, and the current market rates.

What documentation is required to apply for a car loan?

You typically need to provide your national ID, proof of income (such as salary slips), bank statements, and details about the car you wish to purchase.

Are there any hidden fees associated with car loans in KSA?

Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. It's important to read the loan agreement carefully to understand all potential fees.

CarteaCar Loan Calculator

SUNNY SV Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,576

Down Payment

SAR 13,578

Total Cost

SAR 68,490

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,576	SAR 50,336
2	SAR 4,576	SAR 45,760
3	SAR 4,576	SAR 41,184
4	SAR 4,576	SAR 36,608
5	SAR 4,576	SAR 32,032
6	SAR 4,576	SAR 27,456
7	SAR 4,576	SAR 22,880
8	SAR 4,576	SAR 18,304
9	SAR 4,576	SAR 13,728
10	SAR 4,576	SAR 9,152
11	SAR 4,576	SAR 4,576
12	SAR 4,576	SAR 0

Monthly Payment Composition

Interest: 51

Principal: 4525

SUNNY SV Car Loan Calculator FAQs in KSA

To obtain a car loan for a SUNNY SV in KSA, you need to choose a bank, provide necessary documents like your ID, income proof, and details of the vehicle, and then submit your loan application for approval.
Yes, applying for a car loan can impact your credit score, as banks conduct a credit check to assess your eligibility. Multiple inquiries in a short time can lower your score.
The interest rate on your car loan can be influenced by your credit score, the loan amount, the loan term, and the current market rates.
You typically need to provide your national ID, proof of income (such as salary slips), bank statements, and details about the car you wish to purchase.
Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. It's important to read the loan agreement carefully to understand all potential fees.