What are the eligibility criteria for a car loan for M8 GX 2025 in KSA?

To be eligible for a car loan for M8 GX 2025 in KSA, you generally need to be at least 21 years old, have a steady income, a good credit history, and valid residency status.

How does a car loan impact my credit score in KSA?

Taking a car loan can impact your credit score positively if you make timely payments, but late payments can lower your score.

What are the common interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your credit profile.

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

You will typically need your ID, proof of income, bank statements, and sometimes proof of insurance to apply for a car loan in KSA.

What factors can affect my car loan approval in KSA?

Factors that can affect your car loan approval include your credit score, income level, existing debts, and the loan amount requested.

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M8 GX 2025 Car Loan Calculator in KSA

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

Monthly Payment

SAR 12,005

Down Payment

SAR 35,627

Total Cost

SAR 179,687

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 12,005	SAR 132,055
2	SAR 12,005	SAR 120,050
3	SAR 12,005	SAR 108,045
4	SAR 12,005	SAR 96,040
5	SAR 12,005	SAR 84,035
6	SAR 12,005	SAR 72,030
7	SAR 12,005	SAR 60,025
8	SAR 12,005	SAR 48,020
9	SAR 12,005	SAR 36,015
10	SAR 12,005	SAR 24,010
11	SAR 12,005	SAR 12,005
12	SAR 12,005	SAR 0

Monthly Payment Composition

Interest: 130

Principal: 11875

M8 GX 2025 Car Loan Calculator FAQs in KSA

To be eligible for a car loan for M8 GX 2025 in KSA, you generally need to be at least 21 years old, have a steady income, a good credit history, and valid residency status.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments can lower your score.
Interest rates for car loans in KSA typically range from 3% to 7%, depending on the bank and your credit profile.
You will typically need your ID, proof of income, bank statements, and sometimes proof of insurance to apply for a car loan in KSA.
Factors that can affect your car loan approval include your credit score, income level, existing debts, and the loan amount requested.