What is the process for obtaining a car loan for the Genesis G80 2020 3.8L Platinum in KSA?

To obtain a car loan for the Genesis G80 2020 3.8L Platinum in KSA, you need to apply through a bank or financial institution, provide the necessary documents such as ID, proof of income, and details of the vehicle, and undergo a credit assessment.

Will taking a car loan affect my credit score in KSA?

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

What factors should I consider when applying for a car loan for the Genesis G80?

You should consider the interest rate, loan term, monthly payments, total loan amount, and any additional fees or insurance requirements.

What are the common interest rates for car loans in KSA for a Genesis G80?

Interest rates for car loans in KSA typically range from 3% to 6%, depending on the lender and your credit score.

What documents do I need to apply for a car loan in KSA?

You typically need to provide your national ID or residency permit, proof of income (like salary slips), bank statements, and details about the car you wish to purchase.

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Genesis G80 2020 3.8L Platinum Car Loan Calculator in KSA

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

Monthly Payment

SAR 13,778

Down Payment

SAR 40,887

Total Cost

SAR 206,223

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 13,778	SAR 151,558
2	SAR 13,778	SAR 137,780
3	SAR 13,778	SAR 124,002
4	SAR 13,778	SAR 110,224
5	SAR 13,778	SAR 96,446
6	SAR 13,778	SAR 82,668
7	SAR 13,778	SAR 68,890
8	SAR 13,778	SAR 55,112
9	SAR 13,778	SAR 41,334
10	SAR 13,778	SAR 27,556
11	SAR 13,778	SAR 13,778
12	SAR 13,778	SAR 0

Monthly Payment Composition

Interest: 149

Principal: 13629

Genesis G80 2020 3.8L Platinum Car Loan Calculator FAQs in KSA

To obtain a car loan for the Genesis G80 2020 3.8L Platinum in KSA, you need to apply through a bank or financial institution, provide the necessary documents such as ID, proof of income, and details of the vehicle, and undergo a credit assessment.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
You should consider the interest rate, loan term, monthly payments, total loan amount, and any additional fees or insurance requirements.
Interest rates for car loans in KSA typically range from 3% to 6%, depending on the lender and your credit score.
You typically need to provide your national ID or residency permit, proof of income (like salary slips), bank statements, and details about the car you wish to purchase.