What are the financing options available for buying a Peugeot 301 2020 1.6L Allure in KSA?

In KSA, you can choose from various financing options including bank loans, dealership financing, and personal loans. Each option has different terms, interest rates, and repayment periods.

How do I apply for a car loan for the Peugeot 301 2020 1.6L Allure?

To apply for a car loan, you need to gather required documents such as your ID, proof of income, and bank statements. Then, approach your chosen bank or financial institution to start the application process.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can decrease it.

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

You should be aware of the interest rate, loan term, monthly payments, and any additional fees. It's important to read the loan agreement carefully and understand all the terms.

What factors affect the car loan interest rate?

Factors that affect interest rates include your credit score, loan amount, loan term, and the bank's policies. Economic conditions can also play a role.

CarteaCar Loan Calculator

Peugeot 301 2020 1.6L Allure Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,522

Down Payment

SAR 13,420

Total Cost

SAR 67,684

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,522	SAR 49,742
2	SAR 4,522	SAR 45,220
3	SAR 4,522	SAR 40,698
4	SAR 4,522	SAR 36,176
5	SAR 4,522	SAR 31,654
6	SAR 4,522	SAR 27,132
7	SAR 4,522	SAR 22,610
8	SAR 4,522	SAR 18,088
9	SAR 4,522	SAR 13,566
10	SAR 4,522	SAR 9,044
11	SAR 4,522	SAR 4,522
12	SAR 4,522	SAR 0

Monthly Payment Composition

Interest: 49

Principal: 4473

Peugeot 301 2020 1.6L Allure Car Loan Calculator FAQs in KSA

In KSA, you can choose from various financing options including bank loans, dealership financing, and personal loans. Each option has different terms, interest rates, and repayment periods.
To apply for a car loan, you need to gather required documents such as your ID, proof of income, and bank statements. Then, approach your chosen bank or financial institution to start the application process.
Yes, taking a car loan can affect your credit score. Making timely payments can improve your score, while missed payments can decrease it.
You should be aware of the interest rate, loan term, monthly payments, and any additional fees. It's important to read the loan agreement carefully and understand all the terms.
Factors that affect interest rates include your credit score, loan amount, loan term, and the bank's policies. Economic conditions can also play a role.