What is the process to apply for a car loan for a Renault Megane 2019 2.0L PE in KSA?

To apply for a car loan, you typically need to gather necessary documents such as proof of income, identification, and residence, then approach a bank or financial institution to submit your application.

Will taking a loan for the Renault Megane affect my credit score?

Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.

What are the key factors to consider before taking a car loan?

Consider your budget, interest rates, loan terms, and your ability to make monthly payments before taking a car loan.

What interest rates can I expect for a car loan in KSA?

Interest rates for car loans in KSA typically range from 3% to 8%, depending on the bank and your credit profile.

What documents are required to get a car loan for Renault Megane 2019?

You will need identification, proof of income, bank statements, and sometimes a down payment to secure a car loan.

CarteaCar Loan Calculator

Renault Megane 2019 2.0L PE Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,239

Down Payment

SAR 12,579

Total Cost

SAR 63,447

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,239	SAR 46,629
2	SAR 4,239	SAR 42,390
3	SAR 4,239	SAR 38,151
4	SAR 4,239	SAR 33,912
5	SAR 4,239	SAR 29,673
6	SAR 4,239	SAR 25,434
7	SAR 4,239	SAR 21,195
8	SAR 4,239	SAR 16,956
9	SAR 4,239	SAR 12,717
10	SAR 4,239	SAR 8,478
11	SAR 4,239	SAR 4,239
12	SAR 4,239	SAR 0

Monthly Payment Composition

Interest: 46

Principal: 4193

Renault Megane 2019 2.0L PE Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to gather necessary documents such as proof of income, identification, and residence, then approach a bank or financial institution to submit your application.
Yes, taking a loan can affect your credit score. Timely payments can improve it, while missed payments can lower it.
Consider your budget, interest rates, loan terms, and your ability to make monthly payments before taking a car loan.
Interest rates for car loans in KSA typically range from 3% to 8%, depending on the bank and your credit profile.
You will need identification, proof of income, bank statements, and sometimes a down payment to secure a car loan.