What are the eligibility criteria for a car loan for the Great Wall POER 2021 2.0T in KSA?

To be eligible for a car loan in KSA, you typically need to be a Saudi resident, at least 21 years old, have a stable income, and a valid Saudi ID. Some banks may also require a good credit history.

How do I apply for a car loan for the Great Wall POER 2021 in KSA?

You can apply for a car loan by visiting a bank or financial institution's branch, or by applying online through their website. You will need to provide documents such as proof of income, identity, and vehicle details.

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

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

What should I consider before taking a car loan for the Great Wall POER 2021?

Consider the interest rate, loan term, total repayment amount, and any additional fees. It's also important to assess your monthly budget to ensure you can afford the repayments.

What factors can affect the loan interest rate for the Great Wall POER 2021 in KSA?

Factors include your credit score, the loan amount, the term of the loan, and current market conditions. Banks may also offer different rates based on their policies.

CarteaCar Loan Calculator

Great Wall POER 2021 2.0T Super Luxury Double Cab Diesel (4WD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,811

Down Payment

SAR 17,244

Total Cost

SAR 86,976

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,811	SAR 63,921
2	SAR 5,811	SAR 58,110
3	SAR 5,811	SAR 52,299
4	SAR 5,811	SAR 46,488
5	SAR 5,811	SAR 40,677
6	SAR 5,811	SAR 34,866
7	SAR 5,811	SAR 29,055
8	SAR 5,811	SAR 23,244
9	SAR 5,811	SAR 17,433
10	SAR 5,811	SAR 11,622
11	SAR 5,811	SAR 5,811
12	SAR 5,811	SAR 0

Monthly Payment Composition

Interest: 64

Principal: 5747

Great Wall POER 2021 2.0T Super Luxury Double Cab Diesel (4WD) Car Loan Calculator FAQs in KSA

To be eligible for a car loan in KSA, you typically need to be a Saudi resident, at least 21 years old, have a stable income, and a valid Saudi ID. Some banks may also require a good credit history.
You can apply for a car loan by visiting a bank or financial institution's branch, or by applying online through their website. You will need to provide documents such as proof of income, identity, and vehicle details.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments or defaults can lower it.
Consider the interest rate, loan term, total repayment amount, and any additional fees. It's also important to assess your monthly budget to ensure you can afford the repayments.
Factors include your credit score, the loan amount, the term of the loan, and current market conditions. Banks may also offer different rates based on their policies.