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

To be eligible for a loan, you typically need to be at least 21 years old, have a valid residency, a stable income, and a good credit score.

How can I apply for a car loan for the Nissan Maxima 2024 in KSA?

You can apply for a car loan through a bank or a finance company. You'll need to provide documents such as your ID, proof of income, and details about the vehicle.

Will taking a loan affect my credit score?

Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.

What should I consider before taking out a car loan?

Consider the interest rate, loan term, total cost of the loan, and your ability to make monthly payments before taking out a car loan.

What factors can affect the loan interest rate for a Nissan Maxima in KSA?

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

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Nissan Maxima 2024 3.5L SV Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,716

Down Payment

SAR 31,801

Total Cost

SAR 160,393

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,716	SAR 117,876
2	SAR 10,716	SAR 107,160
3	SAR 10,716	SAR 96,444
4	SAR 10,716	SAR 85,728
5	SAR 10,716	SAR 75,012
6	SAR 10,716	SAR 64,296
7	SAR 10,716	SAR 53,580
8	SAR 10,716	SAR 42,864
9	SAR 10,716	SAR 32,148
10	SAR 10,716	SAR 21,432
11	SAR 10,716	SAR 10,716
12	SAR 10,716	SAR 0

Monthly Payment Composition

Interest: 116

Principal: 10600

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

To be eligible for a loan, you typically need to be at least 21 years old, have a valid residency, a stable income, and a good credit score.
You can apply for a car loan through a bank or a finance company. You'll need to provide documents such as your ID, proof of income, and details about the vehicle.
Yes, taking a loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can lower it.
Consider the interest rate, loan term, total cost of the loan, and your ability to make monthly payments before taking out a car loan.
Factors include your credit score, the loan amount, the loan term, and the lender's policies.