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Genesis GV70 2023 2.5T Premium Car Loan Calculator in KSA

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

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car price (SAR)*

down payment *
%
Loan Period (years) *
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interest rate *
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Monthly Payment

SAR 18,014

Down Payment

SAR 53,460

Total Cost

SAR 269,628

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1SAR 18,014SAR 198,154
2SAR 18,014SAR 180,140
3SAR 18,014SAR 162,126
4SAR 18,014SAR 144,112
5SAR 18,014SAR 126,098
6SAR 18,014SAR 108,084
7SAR 18,014SAR 90,070
8SAR 18,014SAR 72,056
9SAR 18,014SAR 54,042
10SAR 18,014SAR 36,028
11SAR 18,014SAR 18,014
12SAR 18,014SAR 0

Monthly Payment Composition

Interest: 194
Principal: 17820

Genesis GV70 2023 2.5T Premium Car Loan Calculator FAQs in KSA

In KSA, you can choose from various financing options such as traditional bank loans, Islamic financing, and leasing agreements specifically tailored for the Genesis GV70.

Applying for a loan can impact your credit score as it involves a hard inquiry. Multiple inquiries in a short time can lower your score, so it's essential to manage your applications carefully.

When taking out a car loan, be aware of the interest rates, loan terms, any hidden fees, and whether the loan is secured or unsecured. It's also important to ensure your monthly payments fit your budget.

Factors that can influence the interest rate include your credit score, the loan amount, the duration of the loan, and current market conditions. A higher credit score typically leads to lower rates.

You typically need to provide your national ID or Iqama, proof of income, bank statements, and details of the vehicle you wish to purchase. Some banks may require additional documentation.