What is the process for obtaining a car loan for the Genesis GV80 2024 2.5T Prestige (AWD) in KSA?

To obtain a car loan for the Genesis GV80 2024, you need to visit a bank or financial institution, fill out a loan application, provide necessary documents such as proof of income, and wait for the bank's approval.

Will taking a loan for the Genesis GV80 affect my credit score?

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

What should I consider before applying for a car loan for the Genesis GV80?

Consider your budget, the interest rate, loan term, and your ability to make monthly payments. It's important to compare different offers from banks.

What factors can affect the interest rate for my car loan?

Factors include your credit score, the loan amount, the loan term, and current market conditions. A higher credit score usually results in a lower interest rate.

Are there any fees associated with the car loan for the Genesis GV80?

Yes, there may be fees such as application fees, processing fees, and possibly early repayment fees. Be sure to read the loan agreement carefully.

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Genesis GV80 2024 2.5T Prestige (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 19,556

Down Payment

SAR 58,037

Total Cost

SAR 292,709

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 19,556	SAR 215,116
2	SAR 19,556	SAR 195,560
3	SAR 19,556	SAR 176,004
4	SAR 19,556	SAR 156,448
5	SAR 19,556	SAR 136,892
6	SAR 19,556	SAR 117,336
7	SAR 19,556	SAR 97,780
8	SAR 19,556	SAR 78,224
9	SAR 19,556	SAR 58,668
10	SAR 19,556	SAR 39,112
11	SAR 19,556	SAR 19,556
12	SAR 19,556	SAR 0

Monthly Payment Composition

Interest: 211

Principal: 19345

Genesis GV80 2024 2.5T Prestige (AWD) Car Loan Calculator FAQs in KSA

To obtain a car loan for the Genesis GV80 2024, you need to visit a bank or financial institution, fill out a loan application, provide necessary documents such as proof of income, and wait for the bank's approval.
Yes, taking a loan will impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your budget, the interest rate, loan term, and your ability to make monthly payments. It's important to compare different offers from banks.
Factors include your credit score, the loan amount, the loan term, and current market conditions. A higher credit score usually results in a lower interest rate.
Yes, there may be fees such as application fees, processing fees, and possibly early repayment fees. Be sure to read the loan agreement carefully.