What is the car loan process for purchasing a Genesis GV70 2024 2.5T Platinum in KSA?

The car loan process typically involves selecting a lender, submitting an application, providing required documents, and awaiting approval. Once approved, you can finalize the purchase.

How does taking out a loan for the Genesis GV70 2024 affect my credit score?

Taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.

What should I consider before applying for a car loan for the Genesis GV70 2024?

Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Additionally, check your credit score.

What factors can affect the interest rate of my car loan for the Genesis GV70 2024?

Interest rates can be affected by your credit score, the loan amount, the loan term, and the lender's policies.

Are there any specific documents required for applying for a car loan in KSA?

Yes, typically you'll need personal identification, proof of income, employment verification, and details about the vehicle.

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Genesis GV70 2024 2.5T Platinium Car Loan Calculator in KSA

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

Monthly Payment

SAR 16,218

Down Payment

SAR 48,130

Total Cost

SAR 242,746

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 16,218	SAR 178,398
2	SAR 16,218	SAR 162,180
3	SAR 16,218	SAR 145,962
4	SAR 16,218	SAR 129,744
5	SAR 16,218	SAR 113,526
6	SAR 16,218	SAR 97,308
7	SAR 16,218	SAR 81,090
8	SAR 16,218	SAR 64,872
9	SAR 16,218	SAR 48,654
10	SAR 16,218	SAR 32,436
11	SAR 16,218	SAR 16,218
12	SAR 16,218	SAR 0

Monthly Payment Composition

Interest: 175

Principal: 16043

Genesis GV70 2024 2.5T Platinium Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a lender, submitting an application, providing required documents, and awaiting approval. Once approved, you can finalize the purchase.
Taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can harm it.
Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Additionally, check your credit score.
Interest rates can be affected by your credit score, the loan amount, the loan term, and the lender's policies.
Yes, typically you'll need personal identification, proof of income, employment verification, and details about the vehicle.