Car loan calculator 2026: instalment, down payment and balloon

Repayment schedule

How the calculation works

• Flat rate: car loans are usually quoted as a flat rate on the amount financed, spread evenly over the term.
• Balloon payment: part of the price is left to the end of the contract. The instalment falls, but you pay profit on that part for the whole term.
• Insurance: comprehensive insurance usually costs 3% to 5% of the car price a year. The calculator adds it so you see the real monthly cost.

Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.

Regulatory rules by country

🇸🇦 Saudi Arabia

• Car finance is subject to the consumer finance term limit: 60 months.
• A final balloon payment is a commercial term set by banks, not a regulatory limit; some banks offer up to 20% to 25% of the car price.
• The car instalment counts towards the 33.33% salary deduction ratio.

🇦🇪 United Arab Emirates

• A car loan may not exceed 80% of the car's value (at least 20% down payment).
• The maximum term is 60 months.
• The car instalment counts towards the 50% instalment cap.

🇰🇼 Kuwait

• There are no separate rules for car finance; it falls within the consumer loan limits (25,000 dinars, 5 years).
• A large final balloon payment is not allowed.

🇶🇦 Qatar

• The car finance term is the same as for a personal loan: 6 years for citizens and 4 years for expats.
• For non-Qatari residents, financing may not exceed 80% of the car price.

🇧🇭 Bahrain

• A personal car loan is consumer finance: a cap of 50% of gross income and a 7-year term, with no maximum financing ratio set out.

🇴🇲 Oman

• We found no published Central Bank rule on the financing ratio or term for cars; the instalment falls within the deduction cap (we assumed up to 7 years).

🇪🇬 Egypt

• The Central Bank instructions set no financing ratio or maximum term for car loans; their instalments count towards the 50% of net income limit.
• Market example (May 2026): National Bank of Egypt finances up to 100% for up to 7 years at a declining rate between 19.5% and 20.5%.

🇯🇴 Jordan

• The Central Bank instructions set no financing ratio or maximum term for car loans; they follow each bank's policy (we assumed up to 8 years).
• Market example (March 2026): car loans at around 8.25% declining.

Related calculators

Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.