What are the general loan requirements for financing a Genesis GV80 2021 3.5T Royal (AWD) in KSA?

Typically, you will need a valid ID, proof of income, a good credit score, and possibly a down payment to secure a loan for the Genesis GV80.

How does taking a car loan affect my credit score in KSA?

Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can help improve it over time.

What factors can affect the interest rates for a car loan in KSA?

Interest rates can be affected by your credit score, the loan term, the lender's policies, and the overall economic conditions in KSA.

What is the typical loan tenure for a vehicle loan in KSA?

The typical loan tenure for a vehicle loan in KSA ranges from 1 to 5 years, depending on the lender and the loan amount.

Are there any additional fees I should be aware of when taking a car loan in KSA?

Yes, you may encounter additional fees such as processing fees, insurance costs, and prepayment penalties, so it's important to read the loan agreement carefully.

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Genesis GV80 2021 3.5T Royal (AWD) Car Loan Calculator in KSA

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

Calculation Of Loans

Total Car Price-

Down PaymentSAR 57,600

Monthly PaymentSAR 230,785
Total CostSAR 288,385
Loan Period1 Month

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 230,785	SAR 0

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Genesis GV80 2021 3.5T Royal (AWD) Car Loan Calculator FAQs in KSA

Typically, you will need a valid ID, proof of income, a good credit score, and possibly a down payment to secure a loan for the Genesis GV80.
Taking a car loan can initially lower your credit score due to the hard inquiry, but timely payments can help improve it over time.
Interest rates can be affected by your credit score, the loan term, the lender's policies, and the overall economic conditions in KSA.
The typical loan tenure for a vehicle loan in KSA ranges from 1 to 5 years, depending on the lender and the loan amount.
Yes, you may encounter additional fees such as processing fees, insurance costs, and prepayment penalties, so it's important to read the loan agreement carefully.