What is the car loan process for purchasing a Suzuki Ertiga 2021 1.5L GLX in KSA?

The car loan process in KSA typically involves selecting a bank, submitting required documents, filling out an application form, and then receiving approval based on your credit history and income.

Will taking a loan for a Suzuki Ertiga impact my credit score?

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

What factors should I pay attention to when applying for a car loan?

You should consider the interest rate, loan term, repayment options, and any additional fees associated with the loan.

How does the exchange rate affect car loan repayments in KSA?

If your loan is in a foreign currency, fluctuations in the exchange rate can affect your repayments, making them more expensive or cheaper.

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

Typically, you will need to provide your ID, proof of income, bank statements, and details about the car you intend to purchase.

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Suzuki Ertiga 2021 1.5L GLX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,061

Down Payment

SAR 15,019

Total Cost

SAR 75,751

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,061	SAR 55,671
2	SAR 5,061	SAR 50,610
3	SAR 5,061	SAR 45,549
4	SAR 5,061	SAR 40,488
5	SAR 5,061	SAR 35,427
6	SAR 5,061	SAR 30,366
7	SAR 5,061	SAR 25,305
8	SAR 5,061	SAR 20,244
9	SAR 5,061	SAR 15,183
10	SAR 5,061	SAR 10,122
11	SAR 5,061	SAR 5,061
12	SAR 5,061	SAR 0

Monthly Payment Composition

Interest: 55

Principal: 5006

Suzuki Ertiga 2021 1.5L GLX Car Loan Calculator FAQs in KSA

The car loan process in KSA typically involves selecting a bank, submitting required documents, filling out an application form, and then receiving approval based on your credit history and income.
Yes, taking a loan can impact your credit score. Timely payments can improve it, while missed payments can lower it.
You should consider the interest rate, loan term, repayment options, and any additional fees associated with the loan.
If your loan is in a foreign currency, fluctuations in the exchange rate can affect your repayments, making them more expensive or cheaper.
Typically, you will need to provide your ID, proof of income, bank statements, and details about the car you intend to purchase.