What is the car loan process for purchasing a Genesis GV70 2022 3.5T Royal (AWD) in KSA?

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, submitting required documents, and signing the loan agreement after approval.

Will taking a car loan affect my credit score in KSA?

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

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

Consider the interest rate, loan term, monthly payments, and any additional fees or insurance requirements when applying for a car loan.

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

Common interest rates for car loans in KSA typically range from 3% to 7% depending on the bank and the applicant's credit profile.

Are there any penalties for early repayment of a car loan in KSA?

Many banks in KSA may charge a fee for early repayment, but policies vary, so it’s important to check with your lender.

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Genesis GV70 2022 3.5T Royal (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 21,734

Down Payment

SAR 64,500

Total Cost

SAR 325,308

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 21,734	SAR 239,074
2	SAR 21,734	SAR 217,340
3	SAR 21,734	SAR 195,606
4	SAR 21,734	SAR 173,872
5	SAR 21,734	SAR 152,138
6	SAR 21,734	SAR 130,404
7	SAR 21,734	SAR 108,670
8	SAR 21,734	SAR 86,936
9	SAR 21,734	SAR 65,202
10	SAR 21,734	SAR 43,468
11	SAR 21,734	SAR 21,734
12	SAR 21,734	SAR 0

Monthly Payment Composition

Interest: 234

Principal: 21500

Genesis GV70 2022 3.5T Royal (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, submitting required documents, and signing the loan agreement after approval.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, monthly payments, and any additional fees or insurance requirements when applying for a car loan.
Common interest rates for car loans in KSA typically range from 3% to 7% depending on the bank and the applicant's credit profile.
Many banks in KSA may charge a fee for early repayment, but policies vary, so it’s important to check with your lender.