What are the financing options available for purchasing a Renault Megane 2018 1.6L PE in KSA?

In KSA, you can choose from various financing options such as bank loans, leasing agreements, or dealership financing tailored for the Renault Megane 2018.

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

Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can significantly lower your score.

What documents are required to apply for a car loan for Renault Megane 2018 in KSA?

To apply for a car loan, you typically need to provide your ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

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

Factors affecting interest rates include your credit score, loan amount, loan term, and the current economic conditions in KSA.

Are there any hidden fees when taking a car loan for Renault Megane 2018 in KSA?

Yes, you should be aware of possible hidden fees such as processing fees, insurance costs, or early repayment penalties when taking out a loan.

CarteaCar Loan Calculator

Renault Megane 2018 1.6L PE Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,864

Down Payment

SAR 17,400

Total Cost

SAR 87,768

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,864	SAR 64,504
2	SAR 5,864	SAR 58,640
3	SAR 5,864	SAR 52,776
4	SAR 5,864	SAR 46,912
5	SAR 5,864	SAR 41,048
6	SAR 5,864	SAR 35,184
7	SAR 5,864	SAR 29,320
8	SAR 5,864	SAR 23,456
9	SAR 5,864	SAR 17,592
10	SAR 5,864	SAR 11,728
11	SAR 5,864	SAR 5,864
12	SAR 5,864	SAR 0

Monthly Payment Composition

Interest: 64

Principal: 5800

Renault Megane 2018 1.6L PE Car Loan Calculator FAQs in KSA

In KSA, you can choose from various financing options such as bank loans, leasing agreements, or dealership financing tailored for the Renault Megane 2018.
Taking a car loan can impact your credit score positively if you make timely payments, but missed payments can significantly lower your score.
To apply for a car loan, you typically need to provide your ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors affecting interest rates include your credit score, loan amount, loan term, and the current economic conditions in KSA.
Yes, you should be aware of possible hidden fees such as processing fees, insurance costs, or early repayment penalties when taking out a loan.