Car Finance Calculator — Saudi Arabia
Estimate your monthly car-loan installment in SAR using Saudi Arabia's typical auto-finance rates, and see the full interest cost. No signup, no account needed.
Enter a car price, a down payment of 0–90%, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Car finance rates in Saudi Arabia (2026)
Car loans in Saudi Arabia typically run about 4–6% p.a. (Auto Murabaha effective rate). Most financing is Shariah-compliant Murabaha, and a SIMAH credit check is required.
These are reference figures for 2026 - always confirm the current rate and the effective (reducing-balance) APR with the lender before you commit.
Where to get a car loan in Saudi Arabia
Commonly used providers include Al Rajhi Bank, SNB, Alinma and Bank Albilad. Rates and terms vary by lender, your credit profile, and whether you are buying new or used - it pays to compare at least two or three offers.
Deposit and loan term
Deposit requirements vary by lender. Loan terms run up to about 5 years. A bigger deposit and a shorter term both cut the total interest you pay - use the calculator above to see the trade-off for your own numbers.
Worked example
For every SAR 120,000 financed at 5.50% over 5 years:
- Monthly installment: SAR 2,292
- Total repaid: SAR 137,528
- Total interest: SAR 17,528
Scale to your financed amount, and remember a bigger deposit and shorter term lower the total interest.
How to pay less interest on your car loan
- Put down a larger deposit - it reduces both the monthly payment and the total interest.
- Pick the shortest term you can comfortably afford; a longer term lowers the monthly cost but raises the total.
- Compare the effective reducing-balance rate, not a headline flat rate - a flat rate looks cheaper than it really is.
- A stronger credit profile usually earns a lower rate, so it is worth checking before you apply.
A named-lender rate check: Al Rajhi Bank's car finance (2026)
Al Rajhi Bank — one of Saudi Arabia's largest Islamic banks — publishes an illustrative Auto Murabaha Finance example on its own site: a SAR 100,000 car finance amount over 5 years (60 months) at an APR of 5.5%, with a quoted monthly instalment of roughly SAR 1,901. The bank notes the actual rate offered “may differ depending on the amount and the maturity period” and is “subject to credit scoring of each customer.”
Other Saudi banks and finance companies set their own auto-finance rates, and they change often. Before you sign, compare the APR each lender publishes on its own website or quotes to you in writing, using the same finance amount and term. A well-qualified borrower at a major bank will usually be offered less than a non-bank finance company charges a higher-risk borrower, so put each quote into the calculator above to see the monthly instalment and total cost side by side.
A more realistic example: financing a SAR 100,000 used or entry-level new car at Al Rajhi's quoted 5.5% rate over 5 years works out to a monthly payment of about SAR 1,910, for total payments of roughly SAR 114,607 — meaning about SAR 14,607 in total profit/interest charges over the life of the finance.
VAT, customs duty and import-age rules that affect Saudi car prices
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) charges a 15% VAT on vehicle purchases (raised from 5% in July 2020), applied to the vehicle's value plus any customs duty and other charges. For a car imported by an individual, ZATCA also applies a standard 5% customs duty on the assessed vehicle value, so an imported car effectively carries both charges stacked on top of its base price before financing. ZATCA's own vehicle-import rules further cap most imported used passenger vehicles, buses and light transport vehicles (3.5 tonnes or under) at a maximum age of 5 years from the model year, with a separate, much higher "vehicle import fee" of 20–50% of the vehicle's value (minimum SAR 20,000) charged on non-compliant imports — a rule worth knowing if you're comparing a locally-purchased car with one imported privately.
Because Murabaha profit rates quoted by Saudi banks are usually expressed as an all-in APR that already reflects the financed amount, VAT and customs duty are typically paid up front (or rolled into the financed amount by the dealer) rather than charged again inside the loan itself — but it's worth confirming with the dealer whether the price you're financing already includes the 15% VAT.
SAMA consumer-protection rules and compulsory insurance
Saudi consumer finance, including auto Murabaha, is regulated by the Saudi Central Bank (SAMA) under its Consumer Protection Principles and Rules and its Responsible Lending Principles for Individual Customers. SAMA's rulebook sets a 14-day cooling-off period for certain regulated consumer financial contracts, during which the customer may cancel without penalty and receive a refund of any unused balance — a protection worth checking against the specific terms of your auto-finance contract, since coverage of this cooling-off right can vary by product type. SAMA's Responsible Lending Principles also require financiers to assess a customer's ability to repay before extending finance, rather than lending purely against collateral value.
Separately, Saudi law requires every vehicle to carry at least third-party liability insurance, standardised under SAMA's Unified Compulsory Motor Insurance Policy, which all licensed insurers must offer on the same base terms; banks financing a car under Murabaha typically require the borrower to maintain comprehensive cover (beyond the compulsory minimum) for the life of the finance, since the vehicle itself secures the financing.
Why every Saudi car finance application involves a SIMAH check
Every bank-financed car purchase in Saudi Arabia involves a check with SIMAH (the Saudi Credit Bureau), the kingdom's first licensed credit information company, which is supervised by the Saudi Central Bank. SIMAH pools credit data from roughly 330 sources across the banking and finance sector into a single credit file, which lenders use to assess a borrower's repayment history and existing obligations before approving Auto Murabaha finance. A poor or thin SIMAH record is one of the most common reasons an otherwise-qualified applicant is offered a higher profit rate or a smaller financed amount than our calculator's default assumes, so checking your own SIMAH score (for example through SIMAH's MOLIM app) before applying can help you anticipate the rate a bank is likely to offer.
Frequently Asked Questions
What is the typical car loan rate in Saudi Arabia?
As a 2026 reference, car finance in Saudi Arabia runs about 4–6% p.a. (Auto Murabaha effective rate). Your actual rate depends on the lender, your credit profile, and whether the car is new or used.
How much deposit do I need for a car loan in Saudi Arabia?
Deposit requirements vary by lender. A larger deposit lowers both your monthly payment and the total interest you pay.
Which lenders offer car loans in Saudi Arabia?
Commonly used providers include Al Rajhi Bank, SNB, Alinma and Bank Albilad. It pays to compare two or three offers, since rates and terms vary by lender and by your credit profile.
How is the car loan installment calculated?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1) on the financed amount. Dealers may quote a lower-looking flat rate; convert to the effective rate to compare.
Is car financing regulated in Saudi Arabia?
Car and Murabaha financing in Saudi Arabia is regulated by SAMA, the Saudi Central Bank.
What car finance rate does Al Rajhi Bank actually charge in Saudi Arabia?
Al Rajhi Bank's own published example (accessed 2026) quotes an APR of 5.5% for a SAR 100,000 Auto Murabaha finance over 5 years, with an illustrative monthly instalment of about SAR 1,901. Actual rates vary by amount, tenor, and the applicant's credit scoring.
How much would a SAR 100,000 car loan cost per month at 5.5% APR over 5 years?
Using the standard reducing-balance formula, a SAR 100,000 loan at 5.5% APR over 60 months works out to roughly SAR 1,910 per month, for total payments of about SAR 114,607 and total interest/profit of about SAR 14,607 — closely matching Al Rajhi Bank's own quoted example of SAR 1,901/month.
Do other Saudi banks offer lower car finance rates than Al Rajhi Bank?
Rates differ by lender and by borrower, and they change often. Each bank publishes its own auto-finance terms; compare the APR every lender quotes you in writing for the same amount and term, then run each quote through the calculator above. Al Rajhi Bank's own published example is 5.5% APR on SAR 100,000 over 5 years.
What VAT and customs duty apply to a car in Saudi Arabia?
ZATCA charges 15% VAT on vehicle purchases (raised from 5% in July 2020), and individuals importing a car separately pay a 5% customs duty on the assessed vehicle value, with imported used passenger vehicles generally capped at 5 years old from the model year.
Is there a cooling-off period on Saudi car finance contracts?
SAMA's rulebook provides for a 14-day cooling-off period on certain regulated consumer finance contracts, during which a customer can cancel without penalty; check your specific Murabaha contract to confirm it applies, since coverage can vary by product.
Why do I need a SIMAH check to get a car loan in Saudi Arabia?
SIMAH, the Saudi Credit Bureau supervised by the Saudi Central Bank, maintains the credit file banks use to assess your repayment history before approving Auto Murabaha finance; a weak SIMAH record is a common reason applicants are offered a higher profit rate or smaller financed amount than a bank's advertised best rate.
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Sources
Rates are compiled from each country's central-bank publications and the typical offerings of its major commercial banks, reviewed for 2026 and subject to change — always confirm the current rate with a lender before deciding. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Al Rajhi Bank Auto Murabaha Finance page (accessed 2026): Al Rajhi Bank – Auto Murabaha Finance. ZATCA official vehicle import rules, age limits and fees (accessed 26 September 2026): ZATCA – Vehicle Import Controls. Saudi 15% VAT and 5% customs duty on car imports, citing ZATCA (accessed 26 September 2026): ArabWheels – Saudi Car Import Tax, Customs & VAT. SAMA cooling-off period rule (accessed 26 September 2026): SAMA Rulebook – Cooling-off Period. SIMAH (Saudi Credit Bureau) overview and SAMA supervision (accessed 26 September 2026): Saudipedia – The Saudi Credit Bureau (SIMAH). See our methodology and editorial policy for how we source and update this data.