HomeCar Loan Calculator

MG RX8 2024 2.0T LUX (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,358

Down Payment

SAR 24,803

Total Cost

SAR 125,099

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,358	SAR 91,938
2	SAR 8,358	SAR 83,580
3	SAR 8,358	SAR 75,222
4	SAR 8,358	SAR 66,864
5	SAR 8,358	SAR 58,506
6	SAR 8,358	SAR 50,148
7	SAR 8,358	SAR 41,790
8	SAR 8,358	SAR 33,432
9	SAR 8,358	SAR 25,074
10	SAR 8,358	SAR 16,716
11	SAR 8,358	SAR 8,358
12	SAR 8,358	SAR 0

Monthly Payment Composition

Interest: 91

Principal: 8267

MG RX8 2024 2.0T LUX (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 documentation, and getting approved based on your credit history and financial status.

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

Factors to consider include your credit score, income level, loan terms, interest rates, and the total cost of the car.

Interest rates for car loans in KSA typically range from 4% to 8%, depending on the bank and your credit profile.

To improve your chances, maintain a good credit score, provide a stable income proof, and ensure your debt-to-income ratio is favorable.