What are the basic requirements for obtaining a car loan for the Genesis G80 2021 2.5T Sport (RWD) in KSA?

The basic requirements usually include having a steady income, a valid ID, proof of residence, and a good credit history.

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. However, missing payments can negatively affect it.

Factors include your credit score, the loan amount, the loan term, and current market interest rates.

You'll typically need your ID, proof of income, bank statements, and possibly documents related to the vehicle.

It depends on the lender's policy. Some banks allow early repayment without penalties, while others may charge a fee.

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

SAR 13,984

SAR 41,500

SAR 209,308

Interest: 151

Principal: 13833

The basic requirements usually include having a steady income, a valid ID, proof of residence, and a good credit history.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect it.
Factors include your credit score, the loan amount, the loan term, and current market interest rates.
You'll typically need your ID, proof of income, bank statements, and possibly documents related to the vehicle.
It depends on the lender's policy. Some banks allow early repayment without penalties, while others may charge a fee.