What is the process for obtaining a car loan for the Genesis GV70 2021 2.5T Premium (AWD) in KSA?

To obtain a car loan for the Genesis GV70 2021, you need to choose a bank, submit your application along with required documents, and wait for approval. Make sure to check the interest rates and terms offered by different banks.

Will taking out a loan for the Genesis GV70 2021 affect my credit score?

Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missing payments can have a negative impact.

What factors should I consider before applying for a car loan for the Genesis GV70 2021?

Consider your budget, interest rates, loan terms, your credit score, and whether you can afford the monthly payments before applying.

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

Interest rates for car loans in KSA typically range from 3% to 6%, but they can vary based on the bank and your credit history.

How does the loan currency affect the car loan for the Genesis GV70 2021?

The loan currency can affect the total amount you pay due to exchange rates. If the currency fluctuates, it could either increase or decrease your loan repayments.

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Genesis GV70 2021 2.5T Premium (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 17,593

Down Payment

SAR 52,210

Total Cost

SAR 263,326

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 17,593	SAR 193,523
2	SAR 17,593	SAR 175,930
3	SAR 17,593	SAR 158,337
4	SAR 17,593	SAR 140,744
5	SAR 17,593	SAR 123,151
6	SAR 17,593	SAR 105,558
7	SAR 17,593	SAR 87,965
8	SAR 17,593	SAR 70,372
9	SAR 17,593	SAR 52,779
10	SAR 17,593	SAR 35,186
11	SAR 17,593	SAR 17,593
12	SAR 17,593	SAR 0

Monthly Payment Composition

Interest: 190

Principal: 17403

Genesis GV70 2021 2.5T Premium (AWD) Car Loan Calculator FAQs in KSA

To obtain a car loan for the Genesis GV70 2021, you need to choose a bank, submit your application along with required documents, and wait for approval. Make sure to check the interest rates and terms offered by different banks.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but missing payments can have a negative impact.
Consider your budget, interest rates, loan terms, your credit score, and whether you can afford the monthly payments before applying.
Interest rates for car loans in KSA typically range from 3% to 6%, but they can vary based on the bank and your credit history.
The loan currency can affect the total amount you pay due to exchange rates. If the currency fluctuates, it could either increase or decrease your loan repayments.