What is the car loan process for purchasing a Suzuki Vitara 2018 1.6L GLX AWD (w/ sunroof) in KSA?

To apply for a car loan, you typically need to provide personal identification, proof of income, and details about the car. The bank will evaluate your credit score and financial status before approving the loan.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.

What should I be aware of before applying for a car loan?

Before applying, you should check your credit score, compare loan offers from different banks, and understand the total cost of the loan including interest rates and fees.

What factors can affect the loan interest rates in KSA?

Factors that can affect loan interest rates include your credit history, the economic conditions, the bank's policies, and the specific terms of the loan.

Are there special offers for financing a Suzuki Vitara in KSA?

Many banks and dealerships offer promotional financing options for Suzuki vehicles. It is advisable to inquire about any current offers or incentives when applying for a loan.

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Suzuki Vitara 2018 1.6L GLX AWD (w/ sunroof) Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,391

Down Payment

SAR 24,900

Total Cost

SAR 125,592

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,391	SAR 92,301
2	SAR 8,391	SAR 83,910
3	SAR 8,391	SAR 75,519
4	SAR 8,391	SAR 67,128
5	SAR 8,391	SAR 58,737
6	SAR 8,391	SAR 50,346
7	SAR 8,391	SAR 41,955
8	SAR 8,391	SAR 33,564
9	SAR 8,391	SAR 25,173
10	SAR 8,391	SAR 16,782
11	SAR 8,391	SAR 8,391
12	SAR 8,391	SAR 0

Monthly Payment Composition

Interest: 91

Principal: 8300

Suzuki Vitara 2018 1.6L GLX AWD (w/ sunroof) Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to provide personal identification, proof of income, and details about the car. The bank will evaluate your credit score and financial status before approving the loan.
Yes, taking a car loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.
Before applying, you should check your credit score, compare loan offers from different banks, and understand the total cost of the loan including interest rates and fees.
Factors that can affect loan interest rates include your credit history, the economic conditions, the bank's policies, and the specific terms of the loan.
Many banks and dealerships offer promotional financing options for Suzuki vehicles. It is advisable to inquire about any current offers or incentives when applying for a loan.