What is the car loan process for purchasing a Nissan Altima 2024 2.5 SL in KSA?

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, submitting necessary documents, and then signing the loan agreement.

Will taking a car loan affect my credit score?

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

What documents are required to apply for a car loan for Nissan Altima 2024 2.5 SL?

Common documents required include identification, proof of income, credit history, and details of the vehicle.

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

Factors include your credit score, loan amount, loan term, and the bank's policies.

Are there any fees associated with obtaining a car loan in KSA?

Yes, there may be fees such as processing fees, insurance requirements, and possibly early repayment fees.

CarteaCar Loan Calculator

Nissan Altima 2024 2.5 SL Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,521

Down Payment

SAR 28,253

Total Cost

SAR 142,505

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,521	SAR 104,731
2	SAR 9,521	SAR 95,210
3	SAR 9,521	SAR 85,689
4	SAR 9,521	SAR 76,168
5	SAR 9,521	SAR 66,647
6	SAR 9,521	SAR 57,126
7	SAR 9,521	SAR 47,605
8	SAR 9,521	SAR 38,084
9	SAR 9,521	SAR 28,563
10	SAR 9,521	SAR 19,042
11	SAR 9,521	SAR 9,521
12	SAR 9,521	SAR 0

Monthly Payment Composition

Interest: 104

Principal: 9417

Nissan Altima 2024 2.5 SL Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, submitting necessary documents, and then signing the loan agreement.
Yes, taking out a car loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Common documents required include identification, proof of income, credit history, and details of the vehicle.
Factors include your credit score, loan amount, loan term, and the bank's policies.
Yes, there may be fees such as processing fees, insurance requirements, and possibly early repayment fees.