What is the car loan process for purchasing a Genesis G80 2023 3.5T Royal (AWD) in KSA?

The car loan process typically includes checking your credit score, selecting a lender, submitting an application, and providing necessary documentation such as income proof and identification.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can harm it.

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

Consider your budget, interest rates, loan term, and any additional fees that may apply.

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

Interest rates for car loans in KSA can vary, but they generally range from 3% to 7% depending on the lender and your credit profile.

What documentation is required for a car loan application?

Typically, you will need to provide proof of income, identification, proof of residence, and possibly bank statements.

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Genesis G80 2023 3.5T Royal (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 23,044

Down Payment

SAR 68,387

Total Cost

SAR 344,915

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 23,044	SAR 253,484
2	SAR 23,044	SAR 230,440
3	SAR 23,044	SAR 207,396
4	SAR 23,044	SAR 184,352
5	SAR 23,044	SAR 161,308
6	SAR 23,044	SAR 138,264
7	SAR 23,044	SAR 115,220
8	SAR 23,044	SAR 92,176
9	SAR 23,044	SAR 69,132
10	SAR 23,044	SAR 46,088
11	SAR 23,044	SAR 23,044
12	SAR 23,044	SAR 0

Monthly Payment Composition

Interest: 249

Principal: 22795

Genesis G80 2023 3.5T Royal (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically includes checking your credit score, selecting a lender, submitting an application, and providing necessary documentation such as income proof and identification.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can harm it.
Consider your budget, interest rates, loan term, and any additional fees that may apply.
Interest rates for car loans in KSA can vary, but they generally range from 3% to 7% depending on the lender and your credit profile.
Typically, you will need to provide proof of income, identification, proof of residence, and possibly bank statements.