What is the process for obtaining a car loan for the Nissan Sunny 2023 1.6L SL in KSA?

To obtain a car loan for the Nissan Sunny 2023 1.6L SL in KSA, you typically need to select a bank, provide necessary documents (like ID, salary proof), and fill out a loan application. The bank will assess your creditworthiness before approving the loan.

Will taking a car loan for the Nissan Sunny affect my credit score?

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

What are the key factors to consider when applying for a car loan?

Key factors to consider include the interest rate, loan term, monthly payment amount, and any additional fees. It's also important to understand the total cost of the loan over its term.

What are the common fees associated with car loans in KSA?

Common fees include processing fees, insurance costs, and sometimes early repayment fees if you decide to pay off the loan early.

What factors can influence the interest rate on my car loan?

Factors that can influence the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies. A higher credit score usually leads to a lower interest rate.

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Nissan Sunny 2023 1.6L SL Car Loan Calculator in KSA

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

Monthly Payment

SAR 5,410

Down Payment

SAR 16,054

Total Cost

SAR 80,974

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 5,410	SAR 59,510
2	SAR 5,410	SAR 54,100
3	SAR 5,410	SAR 48,690
4	SAR 5,410	SAR 43,280
5	SAR 5,410	SAR 37,870
6	SAR 5,410	SAR 32,460
7	SAR 5,410	SAR 27,050
8	SAR 5,410	SAR 21,640
9	SAR 5,410	SAR 16,230
10	SAR 5,410	SAR 10,820
11	SAR 5,410	SAR 5,410
12	SAR 5,410	SAR 0

Monthly Payment Composition

Interest: 59

Principal: 5351

Nissan Sunny 2023 1.6L SL Car Loan Calculator FAQs in KSA

To obtain a car loan for the Nissan Sunny 2023 1.6L SL in KSA, you typically need to select a bank, provide necessary documents (like ID, salary proof), and fill out a loan application. The bank will assess your creditworthiness before approving the loan.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments can negatively impact it.
Key factors to consider include the interest rate, loan term, monthly payment amount, and any additional fees. It's also important to understand the total cost of the loan over its term.
Common fees include processing fees, insurance costs, and sometimes early repayment fees if you decide to pay off the loan early.
Factors that can influence the interest rate include your credit score, the loan amount, the term of the loan, and the bank's policies. A higher credit score usually leads to a lower interest rate.