What is the process for getting a car loan for the Great Wall POER 2022 2.0T Elite Double Cab Diesel (4WD) in KSA?

To get a car loan in KSA, you typically need to apply through a bank or financial institution, provide the necessary documents such as identification, proof of income, and details about the vehicle, and undergo a credit assessment.

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

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 factors should I consider when applying for a car loan in KSA?

Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan.

Are there any specific eligibility requirements for car loans in KSA?

Yes, eligibility typically includes being a Saudi citizen or resident, having a stable source of income, and meeting the bank's credit criteria.

What are the common factors that affect loan interest rates in KSA?

Common factors include the Central Bank's base rate, your credit score, the loan amount, and the duration of the loan.

CarteaCar Loan Calculator

Great Wall POER 2022 2.0T Elite 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 5,656

Down Payment

SAR 16,784

Total Cost

SAR 84,656

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,656	SAR 62,216
2	SAR 5,656	SAR 56,560
3	SAR 5,656	SAR 50,904
4	SAR 5,656	SAR 45,248
5	SAR 5,656	SAR 39,592
6	SAR 5,656	SAR 33,936
7	SAR 5,656	SAR 28,280
8	SAR 5,656	SAR 22,624
9	SAR 5,656	SAR 16,968
10	SAR 5,656	SAR 11,312
11	SAR 5,656	SAR 5,656
12	SAR 5,656	SAR 0

Monthly Payment Composition

Interest: 62

Principal: 5594

Great Wall POER 2022 2.0T Elite Double Cab Diesel (4WD) Car Loan Calculator FAQs in KSA

To get a car loan in KSA, you typically need to apply through a bank or financial institution, provide the necessary documents such as identification, proof of income, and details about the vehicle, and undergo a credit assessment.
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.
Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan.
Yes, eligibility typically includes being a Saudi citizen or resident, having a stable source of income, and meeting the bank's credit criteria.
Common factors include the Central Bank's base rate, your credit score, the loan amount, and the duration of the loan.