What is the loan process for financing a Genesis GV70 2021 2.5T Prestige in KSA?

The loan process typically involves selecting the vehicle, submitting a loan application, providing necessary documents, and awaiting approval from the bank.

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

Yes, taking a loan can affect your credit score, especially if you miss payments or default on the loan.

What should I be aware of when applying for a car loan in KSA?

Be aware of interest rates, loan terms, monthly payments, and any additional fees that may apply.

What factors influence the interest rate for a car loan in KSA?

Factors include your credit score, the loan amount, loan term, and the lender's policies.

Can I negotiate the terms of my car loan for the Genesis GV70?

Yes, many lenders are open to negotiation on interest rates and loan terms.

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Genesis GV70 2021 2.5T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 16,309

Down Payment

SAR 48,400

Total Cost

SAR 244,108

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 16,309	SAR 179,399
2	SAR 16,309	SAR 163,090
3	SAR 16,309	SAR 146,781
4	SAR 16,309	SAR 130,472
5	SAR 16,309	SAR 114,163
6	SAR 16,309	SAR 97,854
7	SAR 16,309	SAR 81,545
8	SAR 16,309	SAR 65,236
9	SAR 16,309	SAR 48,927
10	SAR 16,309	SAR 32,618
11	SAR 16,309	SAR 16,309
12	SAR 16,309	SAR 0

Monthly Payment Composition

Interest: 176

Principal: 16133

Genesis GV70 2021 2.5T Prestige Car Loan Calculator FAQs in KSA

The loan process typically involves selecting the vehicle, submitting a loan application, providing necessary documents, and awaiting approval from the bank.
Yes, taking a loan can affect your credit score, especially if you miss payments or default on the loan.
Be aware of interest rates, loan terms, monthly payments, and any additional fees that may apply.
Factors include your credit score, the loan amount, loan term, and the lender's policies.
Yes, many lenders are open to negotiation on interest rates and loan terms.