What is the loan process for purchasing a Great Wall POER 2023 2.0T Pilot Double Cab Diesel (4WD) in KSA?

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and then receiving approval before finalizing the purchase.

Will taking out a loan for a car affect my credit score?

Yes, applying for a car loan can affect your credit score. A hard inquiry is made on your credit report, which may temporarily lower your score. However, timely payments can improve your score over time.

What should I consider before applying for a car loan?

You should consider your budget, the interest rates offered, the loan term, your credit score, and any additional fees. Ensure that the monthly payments fit within your financial plan.

What factors can influence the interest rate on my car loan?

Factors include your credit score, the loan amount, the loan term, and the lender's policies. Additionally, economic conditions and market interest rates can also play a role.

What documents do I need to provide for a car loan application?

Generally, you will need to provide proof of income, identification documents, proof of residence, and details about the vehicle you wish to purchase.

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Great Wall POER 2023 2.0T Pilot 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 6,580

Down Payment

SAR 19,527

Total Cost

SAR 98,487

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,580	SAR 72,380
2	SAR 6,580	SAR 65,800
3	SAR 6,580	SAR 59,220
4	SAR 6,580	SAR 52,640
5	SAR 6,580	SAR 46,060
6	SAR 6,580	SAR 39,480
7	SAR 6,580	SAR 32,900
8	SAR 6,580	SAR 26,320
9	SAR 6,580	SAR 19,740
10	SAR 6,580	SAR 13,160
11	SAR 6,580	SAR 6,580
12	SAR 6,580	SAR 0

Monthly Payment Composition

Interest: 71

Principal: 6509

Great Wall POER 2023 2.0T Pilot Double Cab Diesel (4WD) Car Loan Calculator FAQs in KSA

The loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and then receiving approval before finalizing the purchase.
Yes, applying for a car loan can affect your credit score. A hard inquiry is made on your credit report, which may temporarily lower your score. However, timely payments can improve your score over time.
You should consider your budget, the interest rates offered, the loan term, your credit score, and any additional fees. Ensure that the monthly payments fit within your financial plan.
Factors include your credit score, the loan amount, the loan term, and the lender's policies. Additionally, economic conditions and market interest rates can also play a role.
Generally, you will need to provide proof of income, identification documents, proof of residence, and details about the vehicle you wish to purchase.