What is the car loan process for purchasing a Nissan Kicks 2021 1.6 S in KSA?

The car loan process typically involves selecting the vehicle, assessing your financial situation, applying for a loan from a bank or financial institution, and then completing the necessary paperwork for approval.

Will applying for a car loan affect my credit score?

Yes, applying for a car loan can affect your credit score, as lenders will conduct a credit check which may result in a temporary dip in your score.

What factors influence the interest rate on my car loan?

Factors that influence your car loan interest rate include your credit score, income level, loan term, and the lender's policies.

What documents do I need to provide when applying for a car loan?

You will typically need to provide proof of income, identification, proof of residence, and details about the vehicle you wish to purchase.

Are there any fees associated with obtaining a car loan?

Yes, there may be fees such as processing fees, registration fees, and insurance that you should factor into your overall loan cost.

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Nissan Kicks 2021 1.6 S Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,044

Down Payment

SAR 12,000

Total Cost

SAR 60,528

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,044	SAR 44,484
2	SAR 4,044	SAR 40,440
3	SAR 4,044	SAR 36,396
4	SAR 4,044	SAR 32,352
5	SAR 4,044	SAR 28,308
6	SAR 4,044	SAR 24,264
7	SAR 4,044	SAR 20,220
8	SAR 4,044	SAR 16,176
9	SAR 4,044	SAR 12,132
10	SAR 4,044	SAR 8,088
11	SAR 4,044	SAR 4,044
12	SAR 4,044	SAR 0

Monthly Payment Composition

Interest: 44

Principal: 4000

Nissan Kicks 2021 1.6 S Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, assessing your financial situation, applying for a loan from a bank or financial institution, and then completing the necessary paperwork for approval.
Yes, applying for a car loan can affect your credit score, as lenders will conduct a credit check which may result in a temporary dip in your score.
Factors that influence your car loan interest rate include your credit score, income level, loan term, and the lender's policies.
You will typically need to provide proof of income, identification, proof of residence, and details about the vehicle you wish to purchase.
Yes, there may be fees such as processing fees, registration fees, and insurance that you should factor into your overall loan cost.