HomeCar Loan Calculator

M8 GT Car Loan Calculator in KSA

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

select car *

car price (SAR)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

SAR 12,392

Down Payment

SAR 36,774

Total Cost

SAR 185,478

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1SAR 12,392SAR 136,312
2SAR 12,392SAR 123,920
3SAR 12,392SAR 111,528
4SAR 12,392SAR 99,136
5SAR 12,392SAR 86,744
6SAR 12,392SAR 74,352
7SAR 12,392SAR 61,960
8SAR 12,392SAR 49,568
9SAR 12,392SAR 37,176
10SAR 12,392SAR 24,784
11SAR 12,392SAR 12,392
12SAR 12,392SAR 0

Monthly Payment Composition

Interest: 134
Principal: 12258

M8 GT Car Loan Calculator FAQs in KSA

To purchase an M8 GT in KSA, you typically need to apply for a car loan through a bank or financial institution, provide necessary documents such as identification and income proof, and undergo a credit assessment.

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.

Consider your budget, the interest rates offered, the loan term, and whether you can afford the monthly payments without straining your finances.

Factors include your credit score, the loan amount, the loan term, the bank's policies, and current economic conditions.

Most banks in KSA require a down payment, which typically ranges from 10% to 20% of the car's value.