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💵 Personal Loan Calculator

Calculate the monthly installment and the percentage of deduction from the salary

The amount you want to get from the bank.

SAR

The percentage added by the bank includes fees.

%

The number of years in which the financing will be repaid.

5 year
110

To find out if the premium is suitable for your budget.

SAR

Monthly installment: 0 SAR

Premium to Income Ratio: —

Enter data to know the rating

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🗂️ 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.

💡 Important information: The nominal rate may be 3.9% but the actual APR is 6.2%. Always ask: “How much is the APR including all fees?”

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.
⚠️ warning: Individuals whose premiums exceed 35% of their income are 3 times more likely to default.

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.
📝 example: Financing of 100,000 riyals, APR 7%, term of 5 years = monthly installment of approximately 1,980 riyals.

Official references: Central Bank of Saudi Arabia (SAMA.gov.sa) | Ministry of Commerce (mc.gov.sa) | Simah Credit Company (simah.com)