What are the financing options available for purchasing the Genesis GV70 2022 2.5T Premium (AWD) in UAE?

In the UAE, you can consider various financing options such as bank loans, dealership financing, or lease agreements specifically tailored for the Genesis GV70.

How does taking a car loan affect my credit score in UAE?

Taking a car loan can impact your credit score positively or negatively depending on your payment history. Timely payments can improve your score, while missed payments can harm it.

What documents are required to apply for a car loan for the Genesis GV70?

Generally, you will need to provide identification, proof of income, bank statements, and details about the vehicle you want to purchase.

What factors can influence the loan interest rate for a car loan in UAE?

Factors that can influence the loan interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

Is it better to finance through the dealership or a bank for the Genesis GV70?

It depends on individual circumstances. Dealerships may offer promotional rates or incentives, while banks might have more competitive rates and terms. It's advisable to compare both options.

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Genesis GV70 2022 2.5T Premium (AWD) Car Loan Calculator in UAE

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

Calculation Of Loans

Total Car PriceAED 220,000

Down PaymentAED 44,000

Monthly PaymentAED 14,827
Total CostAED 221,924
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	AED 14,827	AED 163,097
2	AED 14,827	AED 148,270
3	AED 14,827	AED 133,443
4	AED 14,827	AED 118,616
5	AED 14,827	AED 103,789
6	AED 14,827	AED 88,962
7	AED 14,827	AED 74,135
8	AED 14,827	AED 59,308
9	AED 14,827	AED 44,481
10	AED 14,827	AED 29,654
11	AED 14,827	AED 14,827
12	AED 14,827	AED 0

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Genesis GV70 2022 2.5T Premium (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can consider various financing options such as bank loans, dealership financing, or lease agreements specifically tailored for the Genesis GV70.
Taking a car loan can impact your credit score positively or negatively depending on your payment history. Timely payments can improve your score, while missed payments can harm it.
Generally, you will need to provide identification, proof of income, bank statements, and details about the vehicle you want to purchase.
Factors that can influence the loan interest rate include your credit score, the loan amount, the loan term, and the lender's policies.
It depends on individual circumstances. Dealerships may offer promotional rates or incentives, while banks might have more competitive rates and terms. It's advisable to compare both options.