What is the car loan process for purchasing a Nissan X-Trail 2024 S AWD (7-Seater) in KSA?

The car loan process typically involves submitting a loan application, providing necessary documents such as proof of income, and the bank will assess your creditworthiness before approving the loan.

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 in KSA?

Consider your income, credit history, loan terms, interest rates, and the total cost of the vehicle including insurance and registration fees.

What are the interest rates for car loans in KSA for the Nissan X-Trail 2024 S AWD (7-Seater)?

Interest rates can vary, typically ranging from 3% to 7% depending on the bank and your credit profile. It's best to shop around for the best rate.

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

You typically need your ID, proof of income, employment verification, bank statements, and sometimes a credit report.

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Nissan X-Trail 2024 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 7,616

Down Payment

SAR 22,600

Total Cost

SAR 113,992

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,616	SAR 83,776
2	SAR 7,616	SAR 76,160
3	SAR 7,616	SAR 68,544
4	SAR 7,616	SAR 60,928
5	SAR 7,616	SAR 53,312
6	SAR 7,616	SAR 45,696
7	SAR 7,616	SAR 38,080
8	SAR 7,616	SAR 30,464
9	SAR 7,616	SAR 22,848
10	SAR 7,616	SAR 15,232
11	SAR 7,616	SAR 7,616
12	SAR 7,616	SAR 0

Monthly Payment Composition

Interest: 83

Principal: 7533

Nissan X-Trail 2024 S AWD (7-Seater) Car Loan Calculator FAQs in KSA

The car loan process typically involves submitting a loan application, providing necessary documents such as proof of income, and the bank will assess your creditworthiness before approving the loan.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your income, credit history, loan terms, interest rates, and the total cost of the vehicle including insurance and registration fees.
Interest rates can vary, typically ranging from 3% to 7% depending on the bank and your credit profile. It's best to shop around for the best rate.
You typically need your ID, proof of income, employment verification, bank statements, and sometimes a credit report.