What are the loan options available for purchasing the Genesis GV70 2023 2.5T Prestige in KSA?

In KSA, you can choose from various loan options such as conventional loans, Islamic finance options, and lease-to-own agreements.

How do I apply for a car loan for the Genesis GV70 2023 2.5T Prestige?

You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as income proof, ID, and the vehicle details.

Will taking a car loan affect my credit score?

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 taking a car loan?

Consider factors like interest rates, loan tenure, monthly repayments, and any hidden fees before taking a car loan.

What factors influence the interest rates for car loans in KSA?

Interest rates for car loans can be influenced by factors such as the central bank's rates, your credit score, and the overall economic conditions.

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Genesis GV70 2023 2.5T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 16,301

Down Payment

SAR 48,377

Total Cost

SAR 243,989

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 16,301	SAR 179,311
2	SAR 16,301	SAR 163,010
3	SAR 16,301	SAR 146,709
4	SAR 16,301	SAR 130,408
5	SAR 16,301	SAR 114,107
6	SAR 16,301	SAR 97,806
7	SAR 16,301	SAR 81,505
8	SAR 16,301	SAR 65,204
9	SAR 16,301	SAR 48,903
10	SAR 16,301	SAR 32,602
11	SAR 16,301	SAR 16,301
12	SAR 16,301	SAR 0

Monthly Payment Composition

Interest: 176

Principal: 16125

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

In KSA, you can choose from various loan options such as conventional loans, Islamic finance options, and lease-to-own agreements.
You can apply for a car loan by visiting a bank or financial institution, providing necessary documents such as income proof, ID, and the vehicle details.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider factors like interest rates, loan tenure, monthly repayments, and any hidden fees before taking a car loan.
Interest rates for car loans can be influenced by factors such as the central bank's rates, your credit score, and the overall economic conditions.