What is the car loan process for purchasing a Nissan Kicks 2023 1.6 S in KSA?

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and finalizing the agreement.

Will taking a car loan affect my credit score?

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

What should I be aware of when taking a car loan for a Nissan Kicks?

Be aware of the interest rates, loan terms, any hidden fees, and your repayment ability before signing the agreement.

What factors can influence my car loan interest rate?

Factors include your credit score, income level, loan amount, and the term of the loan.

Are there any specific requirements to qualify for a car loan in KSA?

Yes, you typically need to provide proof of income, residency, a valid ID, and sometimes a co-signer.

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Nissan Kicks 2023 1.6 S Car Loan Calculator in KSA

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

Monthly Payment

SAR 4,863

Down Payment

SAR 14,432

Total Cost

SAR 72,788

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 4,863	SAR 53,493
2	SAR 4,863	SAR 48,630
3	SAR 4,863	SAR 43,767
4	SAR 4,863	SAR 38,904
5	SAR 4,863	SAR 34,041
6	SAR 4,863	SAR 29,178
7	SAR 4,863	SAR 24,315
8	SAR 4,863	SAR 19,452
9	SAR 4,863	SAR 14,589
10	SAR 4,863	SAR 9,726
11	SAR 4,863	SAR 4,863
12	SAR 4,863	SAR 0

Monthly Payment Composition

Interest: 53

Principal: 4810

Nissan Kicks 2023 1.6 S Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documents, and finalizing the agreement.
Yes, taking a car loan can impact your credit score. Timely payments can improve it, while missed payments can lower it.
Be aware of the interest rates, loan terms, any hidden fees, and your repayment ability before signing the agreement.
Factors include your credit score, income level, loan amount, and the term of the loan.
Yes, you typically need to provide proof of income, residency, a valid ID, and sometimes a co-signer.