What is the loan process for purchasing a Peugeot 508 2021 1.6T Allure in KSA?

To purchase a Peugeot 508 2021 1.6T Allure in KSA, you will typically need to visit a bank or financial institution, fill out a loan application, provide necessary documents such as your ID, salary certificate, and proof of residence, and then wait for the bank's approval.

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

Taking out a car loan can impact your credit score positively or negatively depending on your payment history. Timely payments can improve your score, while missed payments can harm it.

What are the key factors to consider when applying for a car loan in KSA?

Key factors include your income level, credit history, the loan term, interest rates, and the total cost of the vehicle. Make sure to compare offers from different banks.

What factors can affect my loan interest rate in KSA?

Factors that affect loan interest rates include your credit score, the amount of the loan, the loan term, and the overall economic conditions.

What documents are required to apply for a car loan in KSA?

Typically, you will need to provide a copy of your national ID or Iqama, proof of income (salary certificate), bank statements, and proof of residence.

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Peugeot 508 2021 1.6T Allure Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,761

Down Payment

SAR 26,000

Total Cost

SAR 131,132

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,761	SAR 96,371
2	SAR 8,761	SAR 87,610
3	SAR 8,761	SAR 78,849
4	SAR 8,761	SAR 70,088
5	SAR 8,761	SAR 61,327
6	SAR 8,761	SAR 52,566
7	SAR 8,761	SAR 43,805
8	SAR 8,761	SAR 35,044
9	SAR 8,761	SAR 26,283
10	SAR 8,761	SAR 17,522
11	SAR 8,761	SAR 8,761
12	SAR 8,761	SAR 0

Monthly Payment Composition

Interest: 95

Principal: 8666

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

To purchase a Peugeot 508 2021 1.6T Allure in KSA, you will typically need to visit a bank or financial institution, fill out a loan application, provide necessary documents such as your ID, salary certificate, and proof of residence, and then wait for the bank's approval.
Taking out a car loan can impact your credit score positively or negatively depending on your payment history. Timely payments can improve your score, while missed payments can harm it.
Key factors include your income level, credit history, the loan term, interest rates, and the total cost of the vehicle. Make sure to compare offers from different banks.
Factors that affect loan interest rates include your credit score, the amount of the loan, the loan term, and the overall economic conditions.
Typically, you will need to provide a copy of your national ID or Iqama, proof of income (salary certificate), bank statements, and proof of residence.