What is the process to apply for a car loan for a Peugeot 508 2021 1.6T Active in KSA?

To apply for a car loan, you need to visit a bank or a financial institution, provide necessary documents like your ID, proof of income, and vehicle details, and fill out a loan application form.

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

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What factors should I consider when applying for a car loan?

Consider the interest rate, loan term, monthly payments, any fees, and your ability to repay the loan before applying.

What are the common interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your creditworthiness.

What documents are required for a Peugeot 508 2021 1.6T Active car loan?

You will typically need your ID, proof of income, bank statements, and the vehicle's purchase agreement.

CarteaCar Loan Calculator

Peugeot 508 2021 1.6T Active Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,740

Down Payment

SAR 20,000

Total Cost

SAR 100,880

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,740	SAR 74,140
2	SAR 6,740	SAR 67,400
3	SAR 6,740	SAR 60,660
4	SAR 6,740	SAR 53,920
5	SAR 6,740	SAR 47,180
6	SAR 6,740	SAR 40,440
7	SAR 6,740	SAR 33,700
8	SAR 6,740	SAR 26,960
9	SAR 6,740	SAR 20,220
10	SAR 6,740	SAR 13,480
11	SAR 6,740	SAR 6,740
12	SAR 6,740	SAR 0

Monthly Payment Composition

Interest: 74

Principal: 6666

Peugeot 508 2021 1.6T Active Car Loan Calculator FAQs in KSA

To apply for a car loan, you need to visit a bank or a financial institution, provide necessary documents like your ID, proof of income, and vehicle details, and fill out a loan application form.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, monthly payments, any fees, and your ability to repay the loan before applying.
Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your creditworthiness.
You will typically need your ID, proof of income, bank statements, and the vehicle's purchase agreement.