What is the car loan process for a Genesis GV80 2022 2.5T Prestige (AWD) in KSA?

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and waiting for approval. Once approved, you can finalize the purchase.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score, as it involves a hard inquiry and increases your debt-to-income ratio. Timely payments can improve your score.

What factors should I consider before applying for a car loan in KSA?

Consider factors such as your credit score, interest rates, loan terms, down payment, and monthly affordability before applying for a car loan.

What are the typical interest rates for a car loan on a Genesis GV80 in KSA?

Interest rates for car loans in KSA typically range from 2% to 6%, depending on the bank, your credit history, and the loan amount.

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

You will typically need to provide a copy of your ID, proof of income, bank statements, and any documents related to the car you wish to purchase.

CarteaCar Loan Calculator

Genesis GV80 2022 2.5T Prestige (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 2022 2.5T Prestige (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for a loan through a bank or financial institution, providing necessary documents, and waiting for approval. Once approved, you can finalize the purchase.
Yes, taking a car loan can affect your credit score, as it involves a hard inquiry and increases your debt-to-income ratio. Timely payments can improve your score.
Consider factors such as your credit score, interest rates, loan terms, down payment, and monthly affordability before applying for a car loan.
Interest rates for car loans in KSA typically range from 2% to 6%, depending on the bank, your credit history, and the loan amount.
You will typically need to provide a copy of your ID, proof of income, bank statements, and any documents related to the car you wish to purchase.