What is the loan process for purchasing a Genesis G80 2024 2.5T Royal (RWD) in KSA?

To obtain a loan for purchasing a Genesis G80 in KSA, you need to apply through a bank or financial institution, provide necessary documents such as proof of income, identity, and residency, and then wait for approval which typically takes a few days.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. A new loan can lower your score temporarily, but if you make timely payments, it will improve your credit score in the long run.

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

When applying for a car loan, consider your credit score, the interest rate, loan term, monthly payments, and any additional fees that may apply.

What is the typical interest rate for a car loan in KSA?

The typical interest rate for a car loan in KSA can range from 3% to 7%, depending on the bank, your credit score, and the terms of the loan.

What documents are required to apply for a car loan?

Typically, you will need to provide your identification, proof of income, bank statements, and proof of residence to apply for a car loan.

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

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

Monthly Payment

SAR 18,230

Down Payment

SAR 54,100

Total Cost

SAR 272,860

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 18,230	SAR 200,530
2	SAR 18,230	SAR 182,300
3	SAR 18,230	SAR 164,070
4	SAR 18,230	SAR 145,840
5	SAR 18,230	SAR 127,610
6	SAR 18,230	SAR 109,380
7	SAR 18,230	SAR 91,150
8	SAR 18,230	SAR 72,920
9	SAR 18,230	SAR 54,690
10	SAR 18,230	SAR 36,460
11	SAR 18,230	SAR 18,230
12	SAR 18,230	SAR 0

Monthly Payment Composition

Interest: 197

Principal: 18033

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

To obtain a loan for purchasing a Genesis G80 in KSA, you need to apply through a bank or financial institution, provide necessary documents such as proof of income, identity, and residency, and then wait for approval which typically takes a few days.
Yes, taking a car loan can affect your credit score. A new loan can lower your score temporarily, but if you make timely payments, it will improve your credit score in the long run.
When applying for a car loan, consider your credit score, the interest rate, loan term, monthly payments, and any additional fees that may apply.
The typical interest rate for a car loan in KSA can range from 3% to 7%, depending on the bank, your credit score, and the terms of the loan.
Typically, you will need to provide your identification, proof of income, bank statements, and proof of residence to apply for a car loan.