What is the car loan process for purchasing a Nissan Kicks 2024 1.6 SV in Bahrain?

The car loan process generally involves selecting the vehicle, applying for the loan through a bank or financing company, providing necessary documentation, and finalizing the loan terms.

Will taking out a loan for the Nissan Kicks 2024 affect my credit score?

Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can harm it.

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

Consider your credit score, income, debt-to-income ratio, interest rates, and loan terms before applying for a car loan.

What are the common interest rates for car loans in Bahrain?

Interest rates for car loans in Bahrain typically range from 4% to 7% depending on the bank and the borrower's credit profile.

What documentation do I need to apply for a car loan in Bahrain?

You will typically need identification documents, proof of income, bank statements, and information about the vehicle you intend to purchase.

CarteaCar Loan Calculator

Nissan Kicks 2024 1.6 SV Car Loan Calculator in BAHRAIN

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

Monthly Payment

BHD 580

Down Payment

BHD 1,719

Total Cost

BHD 8,679

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 580	BHD 6,380
2	BHD 580	BHD 5,800
3	BHD 580	BHD 5,220
4	BHD 580	BHD 4,640
5	BHD 580	BHD 4,060
6	BHD 580	BHD 3,480
7	BHD 580	BHD 2,900
8	BHD 580	BHD 2,320
9	BHD 580	BHD 1,740
10	BHD 580	BHD 1,160
11	BHD 580	BHD 580
12	BHD 580	BHD 0

Monthly Payment Composition

Interest: 7

Principal: 573

Nissan Kicks 2024 1.6 SV Car Loan Calculator FAQs in Bahrain

The car loan process generally involves selecting the vehicle, applying for the loan through a bank or financing company, providing necessary documentation, and finalizing the loan terms.
Yes, taking out a loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can harm it.
Consider your credit score, income, debt-to-income ratio, interest rates, and loan terms before applying for a car loan.
Interest rates for car loans in Bahrain typically range from 4% to 7% depending on the bank and the borrower's credit profile.
You will typically need identification documents, proof of income, bank statements, and information about the vehicle you intend to purchase.