What is the car loan process for purchasing an X-TRAIL SL 4WD 7 SEATS in KSA?

The car loan process typically involves selecting a vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and waiting for loan approval before completing the purchase.

Will taking a car loan affect my credit score?

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

What factors influence the interest rate for a car loan in KSA?

Factors influencing the interest rate include your credit history, loan amount, loan term, and the bank's policies.

What documents are needed to apply for a car loan for an X-TRAIL SL 4WD 7 SEATS?

You typically need identification, proof of income, bank statements, and details about the vehicle.

Are there any hidden fees associated with a car loan?

Yes, some lenders may charge fees such as processing fees, early repayment fees, or insurance costs, so it's important to read the loan agreement carefully.

CarteaCar Loan Calculator

X-TRAIL SL 4WD 7 SEATS Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,345

Down Payment

SAR 30,700

Total Cost

SAR 154,840

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,345	SAR 113,795
2	SAR 10,345	SAR 103,450
3	SAR 10,345	SAR 93,105
4	SAR 10,345	SAR 82,760
5	SAR 10,345	SAR 72,415
6	SAR 10,345	SAR 62,070
7	SAR 10,345	SAR 51,725
8	SAR 10,345	SAR 41,380
9	SAR 10,345	SAR 31,035
10	SAR 10,345	SAR 20,690
11	SAR 10,345	SAR 10,345
12	SAR 10,345	SAR 0

Monthly Payment Composition

Interest: 112

Principal: 10233

X-TRAIL SL 4WD 7 SEATS Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and waiting for loan approval before completing the purchase.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can harm it.
Factors influencing the interest rate include your credit history, loan amount, loan term, and the bank's policies.
You typically need identification, proof of income, bank statements, and details about the vehicle.
Yes, some lenders may charge fees such as processing fees, early repayment fees, or insurance costs, so it's important to read the loan agreement carefully.