What are the eligibility criteria for obtaining a car loan for a Peugeot 508 2024 1.6T Allure+ in KSA?

To be eligible for a car loan, you generally need to be a resident of KSA, have a stable income, a good credit score, and provide necessary documents such as identification and proof of income.

How do I apply for a car loan for the Peugeot 508 2024 1.6T Allure+?

You can apply for a car loan by visiting a bank or financial institution, filling out a loan application form, and submitting the required documents.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan can affect your credit score. If you make payments on time, it can improve your score, but missing payments can have a negative impact.

What should I consider before taking a car loan for the Peugeot 508?

Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before making a decision.

What factors can influence the interest rate on my car loan?

Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the current market rates.

CarteaCar Loan Calculator

Peugeot 508 2024 1.6T Allure+ Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,230

Down Payment

SAR 30,360

Total Cost

SAR 153,120

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,230	SAR 112,530
2	SAR 10,230	SAR 102,300
3	SAR 10,230	SAR 92,070
4	SAR 10,230	SAR 81,840
5	SAR 10,230	SAR 71,610
6	SAR 10,230	SAR 61,380
7	SAR 10,230	SAR 51,150
8	SAR 10,230	SAR 40,920
9	SAR 10,230	SAR 30,690
10	SAR 10,230	SAR 20,460
11	SAR 10,230	SAR 10,230
12	SAR 10,230	SAR 0

Monthly Payment Composition

Interest: 110

Principal: 10120

Peugeot 508 2024 1.6T Allure+ Car Loan Calculator FAQs in KSA

To be eligible for a car loan, you generally need to be a resident of KSA, have a stable income, a good credit score, and provide necessary documents such as identification and proof of income.
You can apply for a car loan by visiting a bank or financial institution, filling out a loan application form, and submitting the required documents.
Yes, taking out a car loan can affect your credit score. If you make payments on time, it can improve your score, but missing payments can have a negative impact.
Consider the interest rates, loan terms, your monthly budget, and any additional fees associated with the loan before making a decision.
Factors that can influence the interest rate include your credit score, the loan amount, the loan term, and the current market rates.