What are the terms and conditions for obtaining a loan for the Nissan Altima 2023 2.5 SL in KSA?

The terms and conditions typically include a minimum down payment, interest rates, loan tenure, and eligibility criteria based on your credit score and income.

How does taking out a loan affect my credit score?

Taking out a loan can affect your credit score positively if you make timely payments, but it may initially lower your score due to the hard inquiry.

What factors influence the interest rate for my car loan?

Factors include your credit score, loan amount, loan term, and the current economic environment.

What documents do I need to apply for a car loan in KSA?

You will generally need identification, proof of income, employment verification, and details about the vehicle.

Can I pay off my car loan early without penalties?

Many lenders allow early repayment without penalties, but it's important to check the terms of your specific loan agreement.

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Nissan Altima 2023 2.5 SL Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,643

Down Payment

SAR 28,618

Total Cost

SAR 144,334

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,643	SAR 106,073
2	SAR 9,643	SAR 96,430
3	SAR 9,643	SAR 86,787
4	SAR 9,643	SAR 77,144
5	SAR 9,643	SAR 67,501
6	SAR 9,643	SAR 57,858
7	SAR 9,643	SAR 48,215
8	SAR 9,643	SAR 38,572
9	SAR 9,643	SAR 28,929
10	SAR 9,643	SAR 19,286
11	SAR 9,643	SAR 9,643
12	SAR 9,643	SAR 0

Monthly Payment Composition

Interest: 104

Principal: 9539

Nissan Altima 2023 2.5 SL Car Loan Calculator FAQs in KSA

The terms and conditions typically include a minimum down payment, interest rates, loan tenure, and eligibility criteria based on your credit score and income.
Taking out a loan can affect your credit score positively if you make timely payments, but it may initially lower your score due to the hard inquiry.
Factors include your credit score, loan amount, loan term, and the current economic environment.
You will generally need identification, proof of income, employment verification, and details about the vehicle.
Many lenders allow early repayment without penalties, but it's important to check the terms of your specific loan agreement.