What is the car loan process for purchasing a Nissan Sunny 2018 1.5 SL in KSA?

The car loan process typically involves choosing a bank, submitting a loan application, providing necessary documents, and awaiting approval. Once approved, the bank will disburse the loan amount directly to the dealer.

Will taking a car loan affect my credit score in KSA?

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

What factors should I consider when applying for a car loan for a Nissan Sunny 2018 1.5 SL?

You should consider the interest rate, loan tenure, down payment amount, your credit history, and any additional fees associated with the loan.

How much down payment is typically required for a car loan in KSA?

Typically, a down payment of 20% to 30% of the car's purchase price is required, but this can vary depending on the bank and your credit profile.

What are the common interest rates for car loans in KSA?

Interest rates for car loans in KSA generally range from 3% to 7%, depending on the bank and your creditworthiness.

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Nissan Sunny 2018 1.5 SL Car Loan Calculator in KSA

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

Calculation Of Loans

Total Car Price-

Down PaymentSAR 12,870

Monthly PaymentSAR 51,566
Total CostSAR 64,436
Loan Period1 Month

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 51,566	SAR 0

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Nissan Sunny 2018 1.5 SL Car Loan Calculator FAQs in KSA

The car loan process typically involves choosing a bank, submitting a loan application, providing necessary documents, and awaiting approval. Once approved, the bank will disburse the loan amount directly to the dealer.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
You should consider the interest rate, loan tenure, down payment amount, your credit history, and any additional fees associated with the loan.
Typically, a down payment of 20% to 30% of the car's purchase price is required, but this can vary depending on the bank and your credit profile.
Interest rates for car loans in KSA generally range from 3% to 7%, depending on the bank and your creditworthiness.