What is the car loan process for purchasing a Suzuki Ertiga 2022 1.5L GLX in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documentation, and awaiting approval before finalizing the purchase.

Will taking a car loan affect my credit score in KSA?

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

What factors should I consider when applying for a car loan for Suzuki Ertiga 2022 1.5L GLX?

Consider your credit score, loan interest rates, down payment amount, loan term, and overall affordability before applying.

What are the common requirements for a car loan in KSA?

Common requirements include proof of income, identification documents, bank statements, and sometimes a co-signer.

What influences the interest rate on my car loan for Suzuki Ertiga in KSA?

Factors influencing the interest rate include your credit score, the loan amount, the loan term, and the prevailing market rates.

CarteaCar Loan Calculator

Suzuki Ertiga 2022 1.5L GLX Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,270

Down Payment

SAR 15,640

Total Cost

SAR 78,880

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,270	SAR 57,970
2	SAR 5,270	SAR 52,700
3	SAR 5,270	SAR 47,430
4	SAR 5,270	SAR 42,160
5	SAR 5,270	SAR 36,890
6	SAR 5,270	SAR 31,620
7	SAR 5,270	SAR 26,350
8	SAR 5,270	SAR 21,080
9	SAR 5,270	SAR 15,810
10	SAR 5,270	SAR 10,540
11	SAR 5,270	SAR 5,270
12	SAR 5,270	SAR 0

Monthly Payment Composition

Interest: 57

Principal: 5213

Suzuki Ertiga 2022 1.5L GLX Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan with a bank or financial institution, providing necessary documentation, and awaiting approval before finalizing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can negatively impact it.
Consider your credit score, loan interest rates, down payment amount, loan term, and overall affordability before applying.
Common requirements include proof of income, identification documents, bank statements, and sometimes a co-signer.
Factors influencing the interest rate include your credit score, the loan amount, the loan term, and the prevailing market rates.