Hasibha
💵 Personal Loan Calculator
Calculate the monthly installment and the percentage of deduction from the salary
The amount you want to get from the bank.
The percentage added by the bank includes fees.
The number of years in which the financing will be repaid.
To find out if the premium is suitable for your budget.
Monthly installment: 0 SAR
Enter data to know the rating
🗂️ The comprehensive guide to personal finance in Saudi Arabia 2026
What is personal finance?
Personal financing is a contract between the customer and the bank under which he grants a sum of money to be used for his personal purposes (marriage, travel, education, treatment, buying a car), in exchange for paying it in monthly installments that include the original amount plus a profit margin.
Annual Percentage (APR)
The annual percentage rate includes profit margin + all administrative fees + insurance cost + any additional expenses. The Central Bank of Saudi Arabia requires all banks to clearly disclose the APR.
Percentage of deduction from salary
- Less than 25%: Comfortable and secure financial situation.
- Between 25% and 33%: Acceptable, but watch your budget.
- Between 33% and 50%: High and may cause financial pressure.
- More than 50%: Rejected by most banks.
Personal finance fees
- Administrative fees: 1% of the financing amount or 5,000 riyals, whichever is less.
- Early settlement fees: Some banks impose it.
- Late fees: A fine if the installment is not paid on time.
Golden tips
- Only receive the amount you actually need.
- Read the entire contract before signing.
- Avoid multiple financings at the same time.
- Plan to repay early if you have the opportunity.
Official references: Central Bank of Saudi Arabia (SAMA.gov.sa) | Ministry of Commerce (mc.gov.sa) | Simah Credit Company (simah.com)
Personal Finance Calculator in Saudi Arabia 2026: Your comprehensive guide to making a smart financing decision
With the acceleration of major projects within the Kingdom’s Vision 2030, and the high demand for personal financing among employees and retirees, it has become... Personal finance calculator An indispensable tool for every Saudi and resident thinking about borrowing. It not only calculates the monthly installment, but also reveals to you the true cost of financing, compares offers, and warns you against exceeding the permissible deduction percentage according to the instructions of the Saudi Central Bank (SAMA). In this article, we provide you with an updated practical guide for the year 2026.
How does the personal finance calculator work?
The calculator is based on a simple mathematical equation that converts the financing amount, repayment period, and annual profit rate into a fixed monthly installment. Here are the steps:
- Enter the financing amount: Determine the required amount, noting that most Saudi banks finance up to 20 times the salary for a government employee, and up to 15 times the salary for a private sector employee.
- Determine the payment term: The period usually ranges between 12 and 60 months, with the possibility of extension up to 60 months for retirees in accordance with SAMA’s regulations.
- Enter the annual profit percentage: The percentage varies according to the financing provider and creditworthiness, and in the Saudi market in 2026, it ranges between 4.5% and 7.5% annually.
- Calculating the installment and deduction: The calculator divides the total amount plus profit by the number of months, then compares it with your salary to ensure that the deduction percentage is not exceeded (33% for the employee, 25% for the retiree).
- Review the result: The calculator shows you the total amount paid, the total profit, the monthly installment, and the percentage of deduction from the salary.
It should be noted that the calculator depends on your entered data, so it is advisable to verify the final offer with the financing authority, especially with regard to administrative fees subject to the 15% value-added tax issued by Zakat, Tax and Customs Authority.
A practical example with numbers from the Saudi market
Suppose a government employee with a salary of 12,000 riyals requests personal financing worth 150,000 riyals for a period of 60 months with a profit rate of 5.5% annually. The total profit will be about 41,250 riyals, bringing the total amount to 191,250 riyals, and the monthly installment is about 3,187 riyals. Since the deduction rate is 26.6% of the salary, it is within the permissible limit (33%). However, if his salary was 8,000 riyals, the installment would represent 39.8%, which the system automatically rejects.
Three important tips for the Saudi user
- Compare offers before signing: The difference between a profit rate of 4.5% and 7% may cost you thousands of riyals over five years.
- Beware of financing insurance: Some banks require you to have Takaful life insurance, so make sure to include it in the total cost.
- Take into account your obligations with social insurance: Your contribution record affects your eligibility for retirement financing, especially when requesting financing after the age of sixty.
Frequently asked questions about the personal finance calculator
Can I get financing that exceeds 20 times my salary?
No, the maximum limit approved by most Saudi banks is 20 times the salary for a government employee, and it may be less than 15 times for private sector employees depending on the policy of each bank.
What is the legally permissible deduction percentage?
According to the instructions of the Central Bank of Saudi Arabia, the total deductions may not exceed 33% of the employee’s monthly salary, and 25% for the retiree, including financing installments and other obligations.
Are administrative fees subject to VAT?
Yes, administrative fees on personal finance are subject to 15% value-added tax in accordance with the regulations of the Zakat, Tax and Customs Authority, and must appear clearly in the contract.