What are the requirements for applying for a car loan for the Peugeot 3008 2023 1.6T Active+ in KSA?

To apply for a car loan in KSA, you typically need to provide proof of income, identification documents, a credit report, and sometimes a down payment.

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

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.

What factors should I consider when choosing a car loan for the Peugeot 3008 2023?

Consider the interest rates, loan term, monthly payments, fees, and your ability to repay the loan before choosing a car loan.

Can I get a car loan with a low credit score in KSA?

Yes, some banks in KSA may offer car loans to individuals with low credit scores, but the interest rates may be higher.

What are the potential costs associated with taking a car loan in KSA?

Potential costs include interest payments, loan origination fees, insurance, and any penalties for early repayment.

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Peugeot 3008 2023 1.6T Active+ Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,215

Down Payment

SAR 24,380

Total Cost

SAR 122,960

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,215	SAR 90,365
2	SAR 8,215	SAR 82,150
3	SAR 8,215	SAR 73,935
4	SAR 8,215	SAR 65,720
5	SAR 8,215	SAR 57,505
6	SAR 8,215	SAR 49,290
7	SAR 8,215	SAR 41,075
8	SAR 8,215	SAR 32,860
9	SAR 8,215	SAR 24,645
10	SAR 8,215	SAR 16,430
11	SAR 8,215	SAR 8,215
12	SAR 8,215	SAR 0

Monthly Payment Composition

Interest: 89

Principal: 8126

Peugeot 3008 2023 1.6T Active+ Car Loan Calculator FAQs in KSA

To apply for a car loan in KSA, you typically need to provide proof of income, identification documents, a credit report, and sometimes a down payment.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can negatively impact your score.
Consider the interest rates, loan term, monthly payments, fees, and your ability to repay the loan before choosing a car loan.
Yes, some banks in KSA may offer car loans to individuals with low credit scores, but the interest rates may be higher.
Potential costs include interest payments, loan origination fees, insurance, and any penalties for early repayment.