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

The car loan process typically involves submitting an application, providing necessary documentation, and then receiving loan approval. After approval, you can finalize the purchase.

Will taking a car loan affect my credit score?

Yes, taking a car loan can impact your credit score as it adds to your credit history and affects your credit utilization ratio.

What factors should I consider when applying for a car loan?

Consider your credit score, loan term, interest rates, monthly payments, and total cost of the loan.

What is the typical interest rate for a car loan in KSA?

Interest rates for car loans in KSA can vary, but they typically range from 3% to 6% depending on the lender and your credit profile.

How can I improve my chances of getting approved for a car loan?

To improve your chances, maintain a good credit score, reduce existing debts, provide a stable income proof, and consider making a larger down payment.

CarteaCar Loan Calculator

Nissan Kicks 2023 1.6 SV Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,596

Down Payment

SAR 16,608

Total Cost

SAR 83,760

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,596	SAR 61,556
2	SAR 5,596	SAR 55,960
3	SAR 5,596	SAR 50,364
4	SAR 5,596	SAR 44,768
5	SAR 5,596	SAR 39,172
6	SAR 5,596	SAR 33,576
7	SAR 5,596	SAR 27,980
8	SAR 5,596	SAR 22,384
9	SAR 5,596	SAR 16,788
10	SAR 5,596	SAR 11,192
11	SAR 5,596	SAR 5,596
12	SAR 5,596	SAR 0

Monthly Payment Composition

Interest: 61

Principal: 5535

Nissan Kicks 2023 1.6 SV Car Loan Calculator FAQs in KSA

The car loan process typically involves submitting an application, providing necessary documentation, and then receiving loan approval. After approval, you can finalize the purchase.
Yes, taking a car loan can impact your credit score as it adds to your credit history and affects your credit utilization ratio.
Consider your credit score, loan term, interest rates, monthly payments, and total cost of the loan.
Interest rates for car loans in KSA can vary, but they typically range from 3% to 6% depending on the lender and your credit profile.
To improve your chances, maintain a good credit score, reduce existing debts, provide a stable income proof, and consider making a larger down payment.