What are the key requirements for obtaining a car loan for the Genesis GV80 2023 3.5T Royal (AWD) in KSA?

The key requirements typically include a valid Saudi ID, proof of income, employment verification, and a good credit score.

How does applying for a car loan affect my credit score?

Applying for a car loan can impact your credit score temporarily due to the hard inquiry made by lenders, but timely repayments can improve your score over time.

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

Factors include your credit score, loan term, the lender's policies, and current market conditions.

What should I be aware of before signing a car loan agreement?

Be sure to review the terms, interest rates, total cost, payment schedule, and any fees associated with the loan.

How can I improve my chances of loan approval for the Genesis GV80?

To improve your chances, maintain a good credit score, reduce existing debt, and provide a stable source of income.

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Genesis GV80 2023 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 25,028

Down Payment

SAR 74,275

Total Cost

SAR 374,611

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 25,028	SAR 275,308
2	SAR 25,028	SAR 250,280
3	SAR 25,028	SAR 225,252
4	SAR 25,028	SAR 200,224
5	SAR 25,028	SAR 175,196
6	SAR 25,028	SAR 150,168
7	SAR 25,028	SAR 125,140
8	SAR 25,028	SAR 100,112
9	SAR 25,028	SAR 75,084
10	SAR 25,028	SAR 50,056
11	SAR 25,028	SAR 25,028
12	SAR 25,028	SAR 0

Monthly Payment Composition

Interest: 270

Principal: 24758

Genesis GV80 2023 3.5T Royal (AWD) Car Loan Calculator FAQs in KSA

The key requirements typically include a valid Saudi ID, proof of income, employment verification, and a good credit score.
Applying for a car loan can impact your credit score temporarily due to the hard inquiry made by lenders, but timely repayments can improve your score over time.
Factors include your credit score, loan term, the lender's policies, and current market conditions.
Be sure to review the terms, interest rates, total cost, payment schedule, and any fees associated with the loan.
To improve your chances, maintain a good credit score, reduce existing debt, and provide a stable source of income.