What are the eligibility criteria for obtaining a car loan for Nissan Maxima 2024 3.5L SR2 in KSA?

To be eligible for a car loan in KSA, you typically need to be a Saudi citizen or resident, have a steady income, a good credit score, and provide necessary documentation like ID and proof of income.

How will taking a car loan affect my credit score in KSA?

Taking a car loan can impact your credit score positively or negatively. Regular payments can improve your score, while missed payments can lower it.

What documents are required to apply for a car loan in KSA?

You will typically need to provide your ID, proof of income, bank statements, and sometimes a credit report.

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

Yes, there may be processing fees, insurance costs, and early repayment penalties, depending on the bank's policies.

What factors can affect the interest rate on a car loan in KSA?

Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates.

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Nissan Maxima 2024 3.5L SR2 Car Loan Calculator in KSA

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

Calculation Of Loans

Total Car PriceSAR 184,761

Down PaymentSAR 36,953

Monthly PaymentSAR 12,452
Total CostSAR 186,377
Loan Period12 Month

Car Loan Monthly Installments Schedule

Payment Schedule	Monthly Payment	Remaining Amount
1	SAR 12,452	SAR 136,972
2	SAR 12,452	SAR 124,520
3	SAR 12,452	SAR 112,068
4	SAR 12,452	SAR 99,616
5	SAR 12,452	SAR 87,164
6	SAR 12,452	SAR 74,712
7	SAR 12,452	SAR 62,260
8	SAR 12,452	SAR 49,808
9	SAR 12,452	SAR 37,356
10	SAR 12,452	SAR 24,904
11	SAR 12,452	SAR 12,452
12	SAR 12,452	SAR 0

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Nissan Maxima 2024 3.5L SR2 Car Loan Calculator FAQs in KSA

To be eligible for a car loan in KSA, you typically need to be a Saudi citizen or resident, have a steady income, a good credit score, and provide necessary documentation like ID and proof of income.
Taking a car loan can impact your credit score positively or negatively. Regular payments can improve your score, while missed payments can lower it.
You will typically need to provide your ID, proof of income, bank statements, and sometimes a credit report.
Yes, there may be processing fees, insurance costs, and early repayment penalties, depending on the bank's policies.
Factors include your credit score, the loan amount, the loan term, and the bank's current interest rates.