What is the car loan process for purchasing a Peugeot Landtrek 2024 1.9T DC 4x2 DSL (M/T) in KSA?

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and then signing the loan agreement.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.

What are the important factors to consider when applying for a car loan?

Important factors include the interest rate, loan term, monthly payment amount, your credit history, and the total cost of the vehicle.

What documents do I need to provide for a car loan application?

You typically need to provide identification, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

Factors include your credit score, loan amount, loan term, and the bank's current interest rates.

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Peugeot Landtrek 2024 1.9T DC 4x2 DSL (M/T) Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,588

Down Payment

SAR 19,550

Total Cost

SAR 98,606

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,588	SAR 72,468
2	SAR 6,588	SAR 65,880
3	SAR 6,588	SAR 59,292
4	SAR 6,588	SAR 52,704
5	SAR 6,588	SAR 46,116
6	SAR 6,588	SAR 39,528
7	SAR 6,588	SAR 32,940
8	SAR 6,588	SAR 26,352
9	SAR 6,588	SAR 19,764
10	SAR 6,588	SAR 13,176
11	SAR 6,588	SAR 6,588
12	SAR 6,588	SAR 0

Monthly Payment Composition

Interest: 72

Principal: 6516

Peugeot Landtrek 2024 1.9T DC 4x2 DSL (M/T) Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and then signing the loan agreement.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
Important factors include the interest rate, loan term, monthly payment amount, your credit history, and the total cost of the vehicle.
You typically need to provide identification, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors include your credit score, loan amount, loan term, and the bank's current interest rates.