What is the process for obtaining a car loan for a Suzuki Ciaz 2019 1.5L GLX in KSA?

To obtain a car loan in KSA, you need to select a bank, provide necessary documents (like ID, income proof, and vehicle details), fill out an application, and wait for approval.

Will taking a car loan affect my credit score?

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

What should I consider before applying for a car loan?

Consider your budget, interest rates, loan terms, and the total cost of ownership including insurance and maintenance.

What factors can affect the interest rate on my car loan?

Factors include your credit score, loan amount, loan term, and the bank's policies.

Is it better to get a loan from a bank or dealership for my Suzuki Ciaz?

It depends on the terms offered. Banks may provide lower rates, while dealerships might offer convenience or promotional deals.

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Suzuki Ciaz 2019 1.5L GLX Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,068

Down Payment

SAR 12,071

Total Cost

SAR 60,887

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,068	SAR 44,748
2	SAR 4,068	SAR 40,680
3	SAR 4,068	SAR 36,612
4	SAR 4,068	SAR 32,544
5	SAR 4,068	SAR 28,476
6	SAR 4,068	SAR 24,408
7	SAR 4,068	SAR 20,340
8	SAR 4,068	SAR 16,272
9	SAR 4,068	SAR 12,204
10	SAR 4,068	SAR 8,136
11	SAR 4,068	SAR 4,068
12	SAR 4,068	SAR 0

Monthly Payment Composition

Interest: 45

Principal: 4023

Suzuki Ciaz 2019 1.5L GLX Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you need to select a bank, provide necessary documents (like ID, income proof, and vehicle details), fill out an application, and wait for approval.
Yes, taking a car loan may affect your credit score. Timely payments can improve it, while missed payments can harm it.
Consider your budget, interest rates, loan terms, and the total cost of ownership including insurance and maintenance.
Factors include your credit score, loan amount, loan term, and the bank's policies.
It depends on the terms offered. Banks may provide lower rates, while dealerships might offer convenience or promotional deals.