What is the process for obtaining a car loan for a Nissan X-Trail 2023 S AWD (7-Seater) in KSA?

To obtain a car loan, you typically need to choose a lender, provide necessary documents, and fill out an application. The lender will evaluate your creditworthiness before approving the loan.

Will taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can help improve it over time.

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

Consider your credit score, interest rates, loan term, down payment, and total loan amount. These factors will influence your monthly payments and overall loan cost.

What are the common loan terms for car loans in KSA?

Common loan terms range from 12 to 60 months, with some lenders offering extended terms. You should choose a term that balances monthly affordability with total interest paid.

How does the interest rate for a car loan get determined?

Interest rates for car loans are determined by factors such as your credit score, the lender's policies, market conditions, and the loan term. Generally, higher credit scores lead to lower interest rates.

CarteaCar Loan Calculator

Nissan X-Trail 2023 S AWD (7-Seater) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,573

Down Payment

SAR 22,474

Total Cost

SAR 113,350

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,573	SAR 83,303
2	SAR 7,573	SAR 75,730
3	SAR 7,573	SAR 68,157
4	SAR 7,573	SAR 60,584
5	SAR 7,573	SAR 53,011
6	SAR 7,573	SAR 45,438
7	SAR 7,573	SAR 37,865
8	SAR 7,573	SAR 30,292
9	SAR 7,573	SAR 22,719
10	SAR 7,573	SAR 15,146
11	SAR 7,573	SAR 7,573
12	SAR 7,573	SAR 0

Monthly Payment Composition

Interest: 82

Principal: 7491

Nissan X-Trail 2023 S AWD (7-Seater) Car Loan Calculator FAQs in KSA

To obtain a car loan, you typically need to choose a lender, provide necessary documents, and fill out an application. The lender will evaluate your creditworthiness before approving the loan.
Yes, taking a car loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can help improve it over time.
Consider your credit score, interest rates, loan term, down payment, and total loan amount. These factors will influence your monthly payments and overall loan cost.
Common loan terms range from 12 to 60 months, with some lenders offering extended terms. You should choose a term that balances monthly affordability with total interest paid.
Interest rates for car loans are determined by factors such as your credit score, the lender's policies, market conditions, and the loan term. Generally, higher credit scores lead to lower interest rates.