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

Monthly Payment

SAR 19,409

Down Payment

SAR 57,600

Total Cost

SAR 290,508

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 19,409	SAR 213,499
2	SAR 19,409	SAR 194,090
3	SAR 19,409	SAR 174,681
4	SAR 19,409	SAR 155,272
5	SAR 19,409	SAR 135,863
6	SAR 19,409	SAR 116,454
7	SAR 19,409	SAR 97,045
8	SAR 19,409	SAR 77,636
9	SAR 19,409	SAR 58,227
10	SAR 19,409	SAR 38,818
11	SAR 19,409	SAR 19,409
12	SAR 19,409	SAR 0

Monthly Payment Composition

Interest: 209

Principal: 19200

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.