What is the EMPOW GL car loan in KSA?

The EMPOW GL car loan is a financing option provided by banks in Saudi Arabia to help customers purchase the EMPOW GL vehicle, allowing them to pay in installments over a specified period.

How do I apply for an EMPOW GL car loan?

To apply for an EMPOW GL car loan, you need to visit a bank branch or apply online, provide necessary documents such as identity proof, income verification, and the vehicle details.

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 have a negative impact.

What should I be aware of when taking a car loan?

When taking a car loan, be aware of the interest rates, loan terms, any additional fees, and the total cost of the loan over time.

What factors can affect the car loan interest rate?

Factors that can affect the car loan interest rate include your credit score, the loan amount, the loan term, and the bank's current rates.

CarteaCar Loan Calculator

EMPOW GL Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,445

Down Payment

SAR 19,125

Total Cost

SAR 96,465

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,445	SAR 70,895
2	SAR 6,445	SAR 64,450
3	SAR 6,445	SAR 58,005
4	SAR 6,445	SAR 51,560
5	SAR 6,445	SAR 45,115
6	SAR 6,445	SAR 38,670
7	SAR 6,445	SAR 32,225
8	SAR 6,445	SAR 25,780
9	SAR 6,445	SAR 19,335
10	SAR 6,445	SAR 12,890
11	SAR 6,445	SAR 6,445
12	SAR 6,445	SAR 0

Monthly Payment Composition

Interest: 71

Principal: 6374

EMPOW GL Car Loan Calculator FAQs in KSA

The EMPOW GL car loan is a financing option provided by banks in Saudi Arabia to help customers purchase the EMPOW GL vehicle, allowing them to pay in installments over a specified period.
To apply for an EMPOW GL car loan, you need to visit a bank branch or apply online, provide necessary documents such as identity proof, income verification, and the vehicle details.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can have a negative impact.
When taking a car loan, be aware of the interest rates, loan terms, any additional fees, and the total cost of the loan over time.
Factors that can affect the car loan interest rate include your credit score, the loan amount, the loan term, and the bank's current rates.