What is the car loan process for purchasing a Peugeot Landtrek 2023 2.4T DC 4x2 (A/T) in KSA?

The car loan process typically involves applying through a bank or financial institution, providing necessary documents such as proof of income, and then waiting for approval before finalizing the purchase.

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

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

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

Consider the loan interest rate, loan term, your credit history, and the total cost of the car including insurance and registration fees.

How does the interest rate on a car loan in KSA get determined?

Interest rates are typically determined by the central bank's policy, the lender's criteria, and your personal credit profile.

What are the common documents required for a car loan application in KSA?

Common documents include a valid ID, proof of income, bank statements, and any other financial documents the lender may require.

CarteaCar Loan Calculator

Peugeot Landtrek 2023 2.4T DC 4x2 (A/T) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,363

Down Payment

SAR 21,850

Total Cost

SAR 110,206

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,363	SAR 80,993
2	SAR 7,363	SAR 73,630
3	SAR 7,363	SAR 66,267
4	SAR 7,363	SAR 58,904
5	SAR 7,363	SAR 51,541
6	SAR 7,363	SAR 44,178
7	SAR 7,363	SAR 36,815
8	SAR 7,363	SAR 29,452
9	SAR 7,363	SAR 22,089
10	SAR 7,363	SAR 14,726
11	SAR 7,363	SAR 7,363
12	SAR 7,363	SAR 0

Monthly Payment Composition

Interest: 80

Principal: 7283

Peugeot Landtrek 2023 2.4T DC 4x2 (A/T) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying through a bank or financial institution, providing necessary documents such as proof of income, and then waiting for approval before finalizing the purchase.
Yes, taking out a car loan can impact your credit score. Timely repayments can improve it, while missed payments can lower it.
Consider the loan interest rate, loan term, your credit history, and the total cost of the car including insurance and registration fees.
Interest rates are typically determined by the central bank's policy, the lender's criteria, and your personal credit profile.
Common documents include a valid ID, proof of income, bank statements, and any other financial documents the lender may require.