What is the process to apply for a car loan to purchase Genesis G80 2024 2.5T Prestige (RWD) in KSA?

To apply for a car loan, you typically need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and fill out the loan application form. Some banks may allow online applications.

Will taking a loan to purchase the Genesis G80 2024 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 lower it.

What factors should I consider when applying for a car loan for the Genesis G80 2024?

You should consider the interest rate, loan term, monthly payments, any additional fees, and your ability to repay the loan comfortably.

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

Interest rates for car loans in KSA can vary widely depending on the bank and your credit history, typically ranging from 3% to 7%.

Are there any special promotions or offers for financing the Genesis G80 2024 in KSA?

Many banks and dealerships may offer promotional rates or financing deals, especially for new models. It's recommended to check with the specific bank or dealership for the latest offers.

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Genesis G80 2024 2.5T Prestige (RWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 13,580

Down Payment

SAR 40,300

Total Cost

SAR 203,260

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 13,580	SAR 149,380
2	SAR 13,580	SAR 135,800
3	SAR 13,580	SAR 122,220
4	SAR 13,580	SAR 108,640
5	SAR 13,580	SAR 95,060
6	SAR 13,580	SAR 81,480
7	SAR 13,580	SAR 67,900
8	SAR 13,580	SAR 54,320
9	SAR 13,580	SAR 40,740
10	SAR 13,580	SAR 27,160
11	SAR 13,580	SAR 13,580
12	SAR 13,580	SAR 0

Monthly Payment Composition

Interest: 147

Principal: 13433

Genesis G80 2024 2.5T Prestige (RWD) Car Loan Calculator FAQs in KSA

To apply for a car loan, you typically need to visit a bank or financial institution, provide necessary documents such as your ID, proof of income, and fill out the loan application form. Some banks may allow online applications.
Yes, taking a loan can impact 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, any additional fees, and your ability to repay the loan comfortably.
Interest rates for car loans in KSA can vary widely depending on the bank and your credit history, typically ranging from 3% to 7%.
Many banks and dealerships may offer promotional rates or financing deals, especially for new models. It's recommended to check with the specific bank or dealership for the latest offers.