What are the eligibility requirements for a car loan for the Great Wall POER 2022 in KSA?

Typically, you need to be a Saudi citizen or resident, have a stable income, and a good credit score to qualify for a car loan.

How do I apply for a car loan for the Great Wall POER 2022?

You can apply for a car loan through a bank, financial institution, or through the dealership where you’re purchasing the vehicle. You will need to provide necessary documents, including proof of income and ID.

Will taking a car loan affect my credit score?

Yes, applying for a car loan will result in a hard inquiry on your credit report, which may temporarily lower your credit score. However, timely repayments can improve your score over time.

What factors can affect my car loan interest rate?

Factors include your credit score, loan amount, loan term, and the lender's policies. A higher credit score typically results in a lower interest rate.

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

Be aware of the total cost of the loan, the interest rates, potential fees, and the repayment terms. It’s also important to ensure that the monthly payments fit within your budget.

CarteaCar Loan Calculator

Great Wall POER 2022 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 2022 2.0T Elite Extra-Long Double Cab Diesel (RWD) Car Loan Calculator FAQs in KSA

Typically, you need to be a Saudi citizen or resident, have a stable income, and a good credit score to qualify for a car loan.
You can apply for a car loan through a bank, financial institution, or through the dealership where you’re purchasing the vehicle. You will need to provide necessary documents, including proof of income and ID.
Yes, applying for a car loan will result in a hard inquiry on your credit report, which may temporarily lower your credit score. However, timely repayments can improve your score over time.
Factors include your credit score, loan amount, loan term, and the lender's policies. A higher credit score typically results in a lower interest rate.
Be aware of the total cost of the loan, the interest rates, potential fees, and the repayment terms. It’s also important to ensure that the monthly payments fit within your budget.