What is the process for obtaining a car loan for the Great Wall POER 2021 2.0T Elite Extra-Long Double Cab Diesel (RWD) in KSA?

To obtain a car loan in KSA, you need to select the vehicle, approach a bank or financial institution, provide necessary documents including your identification, income proof, and details of the vehicle, and then complete the loan application process.

Will my credit score be affected by taking a car loan for the Great Wall POER?

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

What factors should I consider when applying for a car loan?

Consider the loan interest rates, the loan term, your monthly budget for repayments, and any additional fees or charges associated with the loan.

What are the interest rates for car loans in KSA?

Interest rates for car loans in KSA vary depending on the bank and your financial profile, but they typically range from 3% to 7%.

How does the exchange rate affect my car loan?

If your income is in a foreign currency or if the loan is in a different currency, fluctuations in exchange rates can affect your repayment amounts.

CarteaCar Loan Calculator

Great Wall POER 2021 2.0T Elite Extra-Long Double Cab Diesel (RWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,268

Down Payment

SAR 15,634

Total Cost

SAR 78,850

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,268	SAR 57,948
2	SAR 5,268	SAR 52,680
3	SAR 5,268	SAR 47,412
4	SAR 5,268	SAR 42,144
5	SAR 5,268	SAR 36,876
6	SAR 5,268	SAR 31,608
7	SAR 5,268	SAR 26,340
8	SAR 5,268	SAR 21,072
9	SAR 5,268	SAR 15,804
10	SAR 5,268	SAR 10,536
11	SAR 5,268	SAR 5,268
12	SAR 5,268	SAR 0

Monthly Payment Composition

Interest: 57

Principal: 5211

Great Wall POER 2021 2.0T Elite Extra-Long Double Cab Diesel (RWD) Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you need to select the vehicle, approach a bank or financial institution, provide necessary documents including your identification, income proof, and details of the vehicle, and then complete the loan application process.
Yes, taking a car loan can impact your credit score. Timely repayments can improve your score, while missed payments can lower it.
Consider the loan interest rates, the loan term, your monthly budget for repayments, and any additional fees or charges associated with the loan.
Interest rates for car loans in KSA vary depending on the bank and your financial profile, but they typically range from 3% to 7%.
If your income is in a foreign currency or if the loan is in a different currency, fluctuations in exchange rates can affect your repayment amounts.