What is the loan process for purchasing a Suzuki Swift 2024 1.2L GL in KSA?

The loan process typically involves submitting your application to a bank or financial institution, providing necessary documents such as your ID, proof of income, and vehicle information. Once approved, the bank will disburse the loan amount to the dealership.

Will taking out a loan for the Suzuki Swift affect my credit score?

Yes, taking out a loan will affect your credit score. It may initially lower your score due to the hard inquiry, but timely repayments can improve your score over time.

What should I consider before applying for a car loan?

Consider your budget, the total cost of the loan including interest rates, your repayment capacity, and whether you can afford additional costs such as insurance and maintenance.

What factors can influence the loan interest rate for the Suzuki Swift?

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

Are there any specific eligibility criteria for getting a loan for a Suzuki Swift 2024 in KSA?

Yes, eligibility criteria often include being of legal age, having a stable income, a good credit history, and sometimes a minimum down payment.

CarteaCar Loan Calculator

Suzuki Swift 2024 1.2L GL Car Loan Calculator in KSA

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

Monthly Payment

SAR 3,453

Down Payment

SAR 10,247

Total Cost

SAR 51,683

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 3,453	SAR 37,983
2	SAR 3,453	SAR 34,530
3	SAR 3,453	SAR 31,077
4	SAR 3,453	SAR 27,624
5	SAR 3,453	SAR 24,171
6	SAR 3,453	SAR 20,718
7	SAR 3,453	SAR 17,265
8	SAR 3,453	SAR 13,812
9	SAR 3,453	SAR 10,359
10	SAR 3,453	SAR 6,906
11	SAR 3,453	SAR 3,453
12	SAR 3,453	SAR 0

Monthly Payment Composition

Interest: 38

Principal: 3415

Suzuki Swift 2024 1.2L GL Car Loan Calculator FAQs in KSA

The loan process typically involves submitting your application to a bank or financial institution, providing necessary documents such as your ID, proof of income, and vehicle information. Once approved, the bank will disburse the loan amount to the dealership.
Yes, taking out a loan will affect your credit score. It may initially lower your score due to the hard inquiry, but timely repayments can improve your score over time.
Consider your budget, the total cost of the loan including interest rates, your repayment capacity, and whether you can afford additional costs such as insurance and maintenance.
Factors include your credit score, the loan amount, the loan term, the bank's policies, and current market conditions.
Yes, eligibility criteria often include being of legal age, having a stable income, a good credit history, and sometimes a minimum down payment.