What is the car loan process for purchasing a Peugeot 3008 2020 1.6T Active in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan from a bank or financial institution, providing necessary documents, and agreeing on the loan terms.

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

Yes, taking a car loan can impact your credit score positively if you make timely payments, but it may lower your score initially due to the increase in your credit utilization.

What should I consider before applying for a car loan in KSA?

Consider your budget, interest rates, loan terms, monthly payments, and the total cost of the loan, including any fees.

What factors can affect the interest rate on my car loan in KSA?

Factors include your credit score, the loan amount, the loan term, and the financial institution's policies.

Are there any specific documents required to apply for a car loan in KSA?

Yes, you typically need to provide proof of income, identification, residency, and details about the vehicle you intend to purchase.

CarteaCar Loan Calculator

Peugeot 3008 2020 1.6T Active Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,308

Down Payment

SAR 21,687

Total Cost

SAR 109,383

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,308	SAR 80,388
2	SAR 7,308	SAR 73,080
3	SAR 7,308	SAR 65,772
4	SAR 7,308	SAR 58,464
5	SAR 7,308	SAR 51,156
6	SAR 7,308	SAR 43,848
7	SAR 7,308	SAR 36,540
8	SAR 7,308	SAR 29,232
9	SAR 7,308	SAR 21,924
10	SAR 7,308	SAR 14,616
11	SAR 7,308	SAR 7,308
12	SAR 7,308	SAR 0

Monthly Payment Composition

Interest: 80

Principal: 7228

Peugeot 3008 2020 1.6T Active Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan from a bank or financial institution, providing necessary documents, and agreeing on the loan terms.
Yes, taking a car loan can impact your credit score positively if you make timely payments, but it may lower your score initially due to the increase in your credit utilization.
Consider your budget, interest rates, loan terms, monthly payments, and the total cost of the loan, including any fees.
Factors include your credit score, the loan amount, the loan term, and the financial institution's policies.
Yes, you typically need to provide proof of income, identification, residency, and details about the vehicle you intend to purchase.