Saudi Car Finance Calculator - Bank Comparison
Calculate monthly car finance payment with Saudi bank comparison. Check SAMA rules and affordability
Finance Details
Camry 120K
Hilux 150K
Tucson 110K
Kia K5 100K
Sonata 105K
Corolla 85K
(20%)
Al Rajhi 3.5%
ALJ Finance 4.5%
SNB 3.99%
SABB 4.25%
Riyad Bank 4.15%
SAMA rule: payment must not exceed 33% of salary
FAQ
Murabaha is an Islamic financing method where the bank purchases the car and sells it to the customer at an agreed-upon profit margin, paid in monthly installments.
SAMA rules state that monthly car loan obligations should not exceed 33% of salary, and total obligations should not exceed 45% of salary.
Yes, all Saudi banks require comprehensive car insurance throughout the financing period to protect the financed asset.
In Murabaha, ownership transfers to the customer after the last payment. In leasing, the bank retains ownership until contract end with a purchase option.
Maximum financing for new cars is 5 years (60 months), while used cars are typically 3-4 years depending on the car age.