What is the loan process for purchasing a Genesis G80 2020 3.8L Premium w/ Leather in KSA?

To obtain a loan for a Genesis G80 in KSA, you typically need to apply through a bank or financing company, provide required documents, and complete an application form. After evaluation, the bank will approve or deny the loan.

Will taking a loan for the Genesis G80 affect my credit score?

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

What factors influence the interest rate for my car loan in KSA?

Factors influencing the interest rate include your credit score, the duration of the loan, the amount financed, and the current economic conditions.

What documents do I need to apply for a car loan for the Genesis G80?

You typically need proof of income, identification (such as an Iqama), bank statements, and sometimes a credit report.

Are there any fees associated with obtaining a car loan in KSA?

Yes, there may be processing fees, early repayment fees, and insurance requirements that can add to the overall cost of the loan.

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Genesis G80 2020 3.8L Premium w/ Leather 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 Premium w/ Leather Car Loan Calculator FAQs in KSA

To obtain a loan for a Genesis G80 in KSA, you typically need to apply through a bank or financing company, provide required documents, and complete an application form. After evaluation, the bank will approve or deny the loan.
Yes, taking a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.
Factors influencing the interest rate include your credit score, the duration of the loan, the amount financed, and the current economic conditions.
You typically need proof of income, identification (such as an Iqama), bank statements, and sometimes a credit report.
Yes, there may be processing fees, early repayment fees, and insurance requirements that can add to the overall cost of the loan.