What is the process for obtaining a car loan for the X-TRAIL SV 4WD 7 Seats in KSA?

To obtain a car loan in KSA, you typically need to apply through a bank or financial institution, provide necessary documents such as ID, proof of income, and the vehicle details, and then wait for approval.

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

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

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

Consider the interest rate, loan term, down payment, monthly payments, and your overall budget before applying for a car loan.

What is the typical interest rate for a car loan in KSA?

The typical interest rate for a car loan in KSA can range from 3% to 7%, depending on the bank and your credit history.

What documents do I need to provide for a car loan application?

You will typically need to provide your ID, proof of income, bank statements, and information about the car you wish to purchase.

CarteaCar Loan Calculator

X-TRAIL SV 4WD 7 Seats Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,815

Down Payment

SAR 26,160

Total Cost

SAR 131,940

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,815	SAR 96,965
2	SAR 8,815	SAR 88,150
3	SAR 8,815	SAR 79,335
4	SAR 8,815	SAR 70,520
5	SAR 8,815	SAR 61,705
6	SAR 8,815	SAR 52,890
7	SAR 8,815	SAR 44,075
8	SAR 8,815	SAR 35,260
9	SAR 8,815	SAR 26,445
10	SAR 8,815	SAR 17,630
11	SAR 8,815	SAR 8,815
12	SAR 8,815	SAR 0

Monthly Payment Composition

Interest: 95

Principal: 8720

X-TRAIL SV 4WD 7 Seats Car Loan Calculator FAQs in KSA

To obtain a car loan in KSA, you typically need to apply through a bank or financial institution, provide necessary documents such as ID, proof of income, and the vehicle details, and then wait for approval.
Yes, taking a car loan can affect your credit score as it adds to your credit history. Timely payments can improve your score, while missed payments can lower it.
Consider the interest rate, loan term, down payment, monthly payments, and your overall budget before applying for a car loan.
The typical interest rate for a car loan in KSA can range from 3% to 7%, depending on the bank and your credit history.
You will typically need to provide your ID, proof of income, bank statements, and information about the car you wish to purchase.