What is the loan process for purchasing a Genesis G90 2021 5.0L V8 Royal in KSA?

The loan process typically involves selecting the vehicle, submitting a loan application to a bank or financial institution, providing necessary documents, and waiting for approval before finalizing the purchase.

Will taking a loan affect my credit score in KSA?

Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What documents do I need to apply for a car loan in KSA?

You typically need an identification document, proof of income, bank statements, and details of the vehicle you intend to purchase.

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

Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates.

Are there any additional fees associated with car loans in KSA?

Yes, there may be processing fees, insurance fees, and early repayment penalties. It's important to ask your bank about these before signing.

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Genesis G90 2021 5.0L V8 Royal Car Loan Calculator in KSA

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

Monthly Payment

SAR 22,859

Down Payment

SAR 67,838

Total Cost

SAR 342,146

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 22,859	SAR 251,449
2	SAR 22,859	SAR 228,590
3	SAR 22,859	SAR 205,731
4	SAR 22,859	SAR 182,872
5	SAR 22,859	SAR 160,013
6	SAR 22,859	SAR 137,154
7	SAR 22,859	SAR 114,295
8	SAR 22,859	SAR 91,436
9	SAR 22,859	SAR 68,577
10	SAR 22,859	SAR 45,718
11	SAR 22,859	SAR 22,859
12	SAR 22,859	SAR 0

Monthly Payment Composition

Interest: 247

Principal: 22612

Genesis G90 2021 5.0L V8 Royal Car Loan Calculator FAQs in KSA

The loan process typically involves selecting the vehicle, submitting a loan application to a bank or financial institution, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking a loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
You typically need an identification document, proof of income, bank statements, and details of the vehicle you intend to purchase.
Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates.
Yes, there may be processing fees, insurance fees, and early repayment penalties. It's important to ask your bank about these before signing.