What are the loan options available for purchasing a Suzuki Vitara 2020 1.6L GLX 2WD Plus in KSA?

In KSA, you can choose from various loan options such as conventional auto loans, Islamic financing, and leasing options offered by banks and financial institutions.

How do I apply for a car loan for the Suzuki Vitara 2020?

To apply for a car loan, you need to approach a bank or financial institution, provide necessary documents such as ID, salary slips, and vehicle details, and fill out an application form.

Will taking a car loan affect my credit score?

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

What should I be aware of when taking a car loan?

Be aware of the interest rate, loan term, monthly payments, and any additional fees associated with the loan. Understanding these will help you make an informed decision.

What factors influence the interest rate for a car loan?

Factors that influence the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

CarteaCar Loan Calculator

Suzuki Vitara 2020 1.6L GLX 2WD Plus Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,564

Down Payment

SAR 16,513

Total Cost

SAR 83,281

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,564	SAR 61,204
2	SAR 5,564	SAR 55,640
3	SAR 5,564	SAR 50,076
4	SAR 5,564	SAR 44,512
5	SAR 5,564	SAR 38,948
6	SAR 5,564	SAR 33,384
7	SAR 5,564	SAR 27,820
8	SAR 5,564	SAR 22,256
9	SAR 5,564	SAR 16,692
10	SAR 5,564	SAR 11,128
11	SAR 5,564	SAR 5,564
12	SAR 5,564	SAR 0

Monthly Payment Composition

Interest: 60

Principal: 5504

Suzuki Vitara 2020 1.6L GLX 2WD Plus Car Loan Calculator FAQs in KSA

In KSA, you can choose from various loan options such as conventional auto loans, Islamic financing, and leasing options offered by banks and financial institutions.
To apply for a car loan, you need to approach a bank or financial institution, provide necessary documents such as ID, salary slips, and vehicle details, and fill out an application form.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Be aware of the interest rate, loan term, monthly payments, and any additional fees associated with the loan. Understanding these will help you make an informed decision.
Factors that influence the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.