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ComorosCar loan calculator for Saudi Arabia 2026
Enter the car price, the down payment and the bank's flat rate to see the monthly instalment, the insurance and the full cost of the car. Switch to "Which car can I afford?" to find the most expensive car your salary covers under the rules in Saudi Arabia.
Example: a car costing 120,000 Saudi riyals, with 108,000 financed over 60 months at a 4% flat rate, costs about 2,160 Saudi riyals a month before insurance. 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.
Car and finance details
⏩Early repayment
Repayment schedule
The yearly schedule appears after you calculate.
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.
Car finance rules in 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.
- Early repayment: The early repayment cost is capped at 3 months' profit.
- Policy rate: The Saudi Central Bank raised the repo rate to 4.5% on 16 September 2026 (secondary source).
Sources
- Saudi Central Bank: Responsible Lending Principles for Individuals (Circular 46538/99)
- Saudi Central Bank: raising the maximum mortgage financing to 90% for a first home (Circular 391000048362)
- Saudi Central Bank: Consumer Finance Regulations, Article 11 (early repayment)
- Saudi Central Bank: early repayment guide
- Saudi Central Bank: rules for calculating the annual percentage rate
Frequently asked questions
What is a balloon payment in car finance?
A large sum deferred to the end of the contract. It lowers the monthly instalment, but you pay profit on it for the whole term and then pay it in full or refinance it. The total cost is always higher.
What is the longest term for car finance?
60 months in Saudi Arabia.
Is insurance included in the car instalment?
With lease-to-own finance it usually is, and comprehensive insurance usually costs 3% to 5% of the car price a year. The calculator adds it so you see the real cost.
Which car can I afford on my salary?
Choose "Which car can I afford?": the calculator takes the salary deduction cap and your existing instalments and works out the most expensive car the available instalment covers, with the down payment.
Related calculators
Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.
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