What is the process for obtaining a car loan for the Genesis G70 2020 2.0T Premium in KSA?

To obtain a car loan for the Genesis G70 2020 2.0T Premium in KSA, you need to approach a bank or financing company, complete the application form, provide necessary documents such as your ID, proof of income, and details of the vehicle, then wait for approval.

Will taking a loan for the Genesis G70 affect my credit score?

Yes, taking a loan can affect your credit score. Timely repayments can improve it, while missed payments can lower it.

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

Consider your credit score, the interest rate offered, the loan term, monthly payments, and any additional fees.

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

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

Are there any penalties for early repayment of the car loan?

Some banks may charge a penalty for early repayment, while others do not. It's important to check the terms of your loan agreement.

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Genesis G70 2020 2.0T Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 11,365

Down Payment

SAR 33,726

Total Cost

SAR 170,106

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 11,365	SAR 125,015
2	SAR 11,365	SAR 113,650
3	SAR 11,365	SAR 102,285
4	SAR 11,365	SAR 90,920
5	SAR 11,365	SAR 79,555
6	SAR 11,365	SAR 68,190
7	SAR 11,365	SAR 56,825
8	SAR 11,365	SAR 45,460
9	SAR 11,365	SAR 34,095
10	SAR 11,365	SAR 22,730
11	SAR 11,365	SAR 11,365
12	SAR 11,365	SAR 0

Monthly Payment Composition

Interest: 123

Principal: 11242

Genesis G70 2020 2.0T Premium Car Loan Calculator FAQs in KSA

To obtain a car loan for the Genesis G70 2020 2.0T Premium in KSA, you need to approach a bank or financing company, complete the application form, provide necessary documents such as your ID, proof of income, and details of the vehicle, then wait for approval.
Yes, taking a loan can affect your credit score. Timely repayments can improve it, while missed payments can lower it.
Consider your credit score, the interest rate offered, the loan term, monthly payments, and any additional fees.
Typical interest rates for car loans in KSA range from 3% to 7%, depending on the bank and your credit profile.
Some banks may charge a penalty for early repayment, while others do not. It's important to check the terms of your loan agreement.