Car Loan Calculator Saudi Arabia
Calculate car loan EMI and interest in Saudi Arabia. Enter car price, down payment, term, and interest rate. Get monthly payment, total interest, and total amount. Informational only—verify with a Saudi bank.
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By Finance/Loan Editor | Published: Oct 23, 2025 | Reviewed by: Finance/Loan Editor
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Calculate Car Loan EMI
Quick Presets
How it works
Monthly EMI = Loan Amount × [r(1+r)^t] / [(1+r)^t-1] / 12. We calculate the loan amount (Car Price - Down Payment), then use the standard amortizing loan formula to find the EMI, total interest, and total payment.
Inputs explained
- Car Price
- The total cost of the vehicle in SAR.
- Down Payment
- The initial amount you pay upfront.
- Loan Term
- The number of years to repay the loan.
- Interest Rate
- The annual interest rate charged by the bank.
Example
Car Price: 100,000 SAR, Down Payment: 20,000 SAR, Term: 5 years, Rate: 4.5%
- Loan Amount: 80,000 SAR
- Monthly EMI: ≈1,492 SAR
- Total Interest: ≈9,520 SAR
- Total Payment: ≈89,520 SAR
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Tips & notes
- Larger down payment: Reduces the loan amount and total interest.
- Longer terms: Lower EMI but higher total interest.
- Shop around: Interest rates in Saudi Arabia vary by bank.
- Consider insurance: Car insurance is mandatory in KSA.
FAQs
Rates vary by bank and customer profile, typically 3-6% per annum.
Using the standard amortizing loan formula based on principal, interest rate, and loan term.
This calculator uses standard interest. For Islamic finance (Murabaha), consult your bank.
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Disclaimer
⚠️ Important: Informational estimate only. Does not account for specific bank fees, insurance, or Islamic finance principles. Consult a Saudi bank for official loan details.