What are the loan options available for purchasing a Genesis G70 2023 2.0T Prestige in KSA?

In KSA, you can choose from several loan options, including conventional loans, Islamic financing, and personal loans offered by various banks. It's important to compare interest rates and terms from different lenders.

How can I apply for a car loan for the Genesis G70 2023 2.0T Prestige?

To apply for a car loan, you typically need to visit a bank or financial institution, fill out an application form, provide necessary documents such as proof of income and identity, and possibly a down payment.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missing payments can lead to a decrease in your score.

What should I be aware of when taking out a car loan?

Be aware of the interest rate, loan term, total repayment amount, and any additional fees. It's also crucial to read the terms and conditions carefully.

What factors affect the loan interest rates for the Genesis G70 2023 2.0T Prestige?

Factors affecting loan interest rates include your credit score, the loan amount, the loan term, and the current economic conditions. Banks also consider the type of vehicle being financed.

CarteaCar Loan Calculator

Genesis G70 2023 2.0T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 12,969

Down Payment

SAR 38,487

Total Cost

SAR 194,115

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 12,969	SAR 142,659
2	SAR 12,969	SAR 129,690
3	SAR 12,969	SAR 116,721
4	SAR 12,969	SAR 103,752
5	SAR 12,969	SAR 90,783
6	SAR 12,969	SAR 77,814
7	SAR 12,969	SAR 64,845
8	SAR 12,969	SAR 51,876
9	SAR 12,969	SAR 38,907
10	SAR 12,969	SAR 25,938
11	SAR 12,969	SAR 12,969
12	SAR 12,969	SAR 0

Monthly Payment Composition

Interest: 140

Principal: 12829

Genesis G70 2023 2.0T Prestige Car Loan Calculator FAQs in KSA

In KSA, you can choose from several loan options, including conventional loans, Islamic financing, and personal loans offered by various banks. It's important to compare interest rates and terms from different lenders.
To apply for a car loan, you typically need to visit a bank or financial institution, fill out an application form, provide necessary documents such as proof of income and identity, and possibly a down payment.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missing payments can lead to a decrease in your score.
Be aware of the interest rate, loan term, total repayment amount, and any additional fees. It's also crucial to read the terms and conditions carefully.
Factors affecting loan interest rates include your credit score, the loan amount, the loan term, and the current economic conditions. Banks also consider the type of vehicle being financed.