What is the loan process for purchasing a Genesis G70 2020 3.3T Prestige in KSA?

The loan process typically involves selecting the vehicle, applying for a loan with your chosen bank, providing necessary documents, and waiting for approval before finalizing the purchase.

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

Yes, taking out a loan can affect your credit score. It may improve your credit mix but also depends on your ability to make timely repayments.

What factors should I consider before applying for a car loan?

Consider your budget, the interest rate, loan term, your credit history, and the total cost of the vehicle including insurance and maintenance.

What is the average interest rate for car loans in KSA?

The average interest rate for car loans in KSA can range from 2% to 6%, depending on various factors including the bank and your credit history.

What documents are required for a car loan application?

You will typically need to provide identification, proof of income, bank statements, and details about the vehicle you are purchasing.

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Genesis G70 2020 3.3T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 14,322

Down Payment

SAR 42,504

Total Cost

SAR 214,368

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 14,322	SAR 157,542
2	SAR 14,322	SAR 143,220
3	SAR 14,322	SAR 128,898
4	SAR 14,322	SAR 114,576
5	SAR 14,322	SAR 100,254
6	SAR 14,322	SAR 85,932
7	SAR 14,322	SAR 71,610
8	SAR 14,322	SAR 57,288
9	SAR 14,322	SAR 42,966
10	SAR 14,322	SAR 28,644
11	SAR 14,322	SAR 14,322
12	SAR 14,322	SAR 0

Monthly Payment Composition

Interest: 154

Principal: 14168

Genesis G70 2020 3.3T Prestige Car Loan Calculator FAQs in KSA

The loan process typically involves selecting the vehicle, applying for a loan with your chosen bank, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking out a loan can affect your credit score. It may improve your credit mix but also depends on your ability to make timely repayments.
Consider your budget, the interest rate, loan term, your credit history, and the total cost of the vehicle including insurance and maintenance.
The average interest rate for car loans in KSA can range from 2% to 6%, depending on various factors including the bank and your credit history.
You will typically need to provide identification, proof of income, bank statements, and details about the vehicle you are purchasing.