What are the requirements to apply for a loan to purchase a Porsche Macan 2024 Base in KSA?

Typically, you will need to provide proof of income, identification, and details about your credit history. Some banks may also require a down payment.

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

Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.

What factors influence the interest rate on a car loan in KSA?

Factors include your credit score, the loan amount, the loan term, and the current market rates. Some banks may also offer promotional rates.

Can I refinance my loan for the Porsche Macan 2024 Base later?

Yes, many banks allow refinancing options. It is best to check with your lender about the terms and potential fees involved.

What should I be cautious about when applying for a car loan in KSA?

Be cautious about hidden fees, the total cost of the loan, and the terms of the agreement. Always read the fine print before signing.

CarteaCar Loan Calculator

Porsche Macan 2024 Base Car Loan Calculator in KSA

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

Monthly Payment

SAR 22,645

Down Payment

SAR 67,204

Total Cost

SAR 338,944

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 22,645	SAR 249,095
2	SAR 22,645	SAR 226,450
3	SAR 22,645	SAR 203,805
4	SAR 22,645	SAR 181,160
5	SAR 22,645	SAR 158,515
6	SAR 22,645	SAR 135,870
7	SAR 22,645	SAR 113,225
8	SAR 22,645	SAR 90,580
9	SAR 22,645	SAR 67,935
10	SAR 22,645	SAR 45,290
11	SAR 22,645	SAR 22,645
12	SAR 22,645	SAR 0

Monthly Payment Composition

Interest: 244

Principal: 22401

Porsche Macan 2024 Base Car Loan Calculator FAQs in KSA

Typically, you will need to provide proof of income, identification, and details about your credit history. Some banks may also require a down payment.
Taking a loan can affect your credit score positively if you make timely payments. However, missing payments can lead to a decrease in your score.
Factors include your credit score, the loan amount, the loan term, and the current market rates. Some banks may also offer promotional rates.
Yes, many banks allow refinancing options. It is best to check with your lender about the terms and potential fees involved.
Be cautious about hidden fees, the total cost of the loan, and the terms of the agreement. Always read the fine print before signing.