What documents do I need to apply for a car loan for a Peugeot 2008 2021 1.2T Allure in KSA?

You will need a valid ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

How does a car loan affect my credit score in KSA?

A car loan can impact your credit score positively if you make timely payments, but missing payments can lower your score.

Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and loan terms.

Consider your budget, the total cost of the loan, interest rates, loan terms, and your ability to make monthly payments.

Yes, some banks offer loans for individuals with bad credit, but you may face higher interest rates and stricter terms.

CarteaCar Loan Calculator

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

SAR 5,729

SAR 17,000

SAR 85,748

Interest: 63

Principal: 5666

You will need a valid ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
A car loan can impact your credit score positively if you make timely payments, but missing payments can lower your score.
Interest rates for car loans in KSA typically range from 3% to 6%, depending on the bank and loan terms.
Consider your budget, the total cost of the loan, interest rates, loan terms, and your ability to make monthly payments.
Yes, some banks offer loans for individuals with bad credit, but you may face higher interest rates and stricter terms.