Personal loan calculator Saudi Arabia: personal finance EMI and APR
Updated
How much is the instalment on SAR 100,000 of personal finance?
The monthly instalment (often called EMI) is worked out on the reducing balance as P × r × (1 + r)n ÷ ((1 + r)n − 1), with r the yearly term cost ÷ 12 ÷ 100 and n the months. SAR 100,000 over 48 months at an example 6% term cost is SAR 2,348.50 a month. Personal finance may run at most 60 months.
Official rule: Personal and car finance may run at most 5 years (60 months); home finance and credit cards are excepted. (source, checked 2026-10-09)
SAR 100,000 over 48 months at a 6% term cost (an example rate — use the one in your offer) costs SAR 2,348.50 a month and SAR 12,728 in term cost. With the admin fee at the SAMA cap (SAR 500 + VAT), the APR is 6.48%.
- Total term cost (profit)
- SAR 12,728
- Admin fee
- SAR 500 + SAR 75 VAT
- Everything you pay
- SAR 113,303
Instalments on this page follow the standard monthly formula on the reducing balance. Your bank counts interest or profit day by day between the actual payment dates and rounds each amount, so its own schedule can differ slightly. Only your signed offer is binding.
Not a valid document. Estimate for information only — not financial advice, not an offer of credit and not a bank document. Errors are possible. Only your bank's or finance company's official offer letter, contract and statements are binding.
Month-by-month schedule
| # | Instalment | Term cost | Principal | Balance after |
|---|---|---|---|---|
| 1 | 2348.50 | 500.00 | 1848.50 | 98151.50 |
| 2 | 2348.50 | 490.76 | 1857.75 | 96293.75 |
| 3 | 2348.50 | 481.47 | 1867.03 | 94426.72 |
| 4 | 2348.50 | 472.13 | 1876.37 | 92550.35 |
| 5 | 2348.50 | 462.75 | 1885.75 | 90664.60 |
| 6 | 2348.50 | 453.32 | 1895.18 | 88769.42 |
| 7 | 2348.50 | 443.85 | 1904.66 | 86864.76 |
| 8 | 2348.50 | 434.32 | 1914.18 | 84950.58 |
| 9 | 2348.50 | 424.75 | 1923.75 | 83026.83 |
| 10 | 2348.50 | 415.13 | 1933.37 | 81093.46 |
| 11 | 2348.50 | 405.47 | 1943.04 | 79150.43 |
| 12 | 2348.50 | 395.75 | 1952.75 | 77197.68 |
| 13 | 2348.50 | 385.99 | 1962.51 | 75235.16 |
| 14 | 2348.50 | 376.18 | 1972.33 | 73262.84 |
| 15 | 2348.50 | 366.31 | 1982.19 | 71280.65 |
| 16 | 2348.50 | 356.40 | 1992.10 | 69288.55 |
| 17 | 2348.50 | 346.44 | 2002.06 | 67286.49 |
| 18 | 2348.50 | 336.43 | 2012.07 | 65274.42 |
| 19 | 2348.50 | 326.37 | 2022.13 | 63252.29 |
| 20 | 2348.50 | 316.26 | 2032.24 | 61220.04 |
| 21 | 2348.50 | 306.10 | 2042.40 | 59177.64 |
| 22 | 2348.50 | 295.89 | 2052.61 | 57125.03 |
| 23 | 2348.50 | 285.63 | 2062.88 | 55062.15 |
| 24 | 2348.50 | 275.31 | 2073.19 | 52988.96 |
| 25 | 2348.50 | 264.94 | 2083.56 | 50905.40 |
| 26 | 2348.50 | 254.53 | 2093.98 | 48811.42 |
| 27 | 2348.50 | 244.06 | 2104.45 | 46706.98 |
| 28 | 2348.50 | 233.53 | 2114.97 | 44592.01 |
| 29 | 2348.50 | 222.96 | 2125.54 | 42466.47 |
| 30 | 2348.50 | 212.33 | 2136.17 | 40330.30 |
| 31 | 2348.50 | 201.65 | 2146.85 | 38183.44 |
| 32 | 2348.50 | 190.92 | 2157.59 | 36025.86 |
| 33 | 2348.50 | 180.13 | 2168.37 | 33857.48 |
| 34 | 2348.50 | 169.29 | 2179.22 | 31678.27 |
| 35 | 2348.50 | 158.39 | 2190.11 | 29488.16 |
| 36 | 2348.50 | 147.44 | 2201.06 | 27287.10 |
| 37 | 2348.50 | 136.44 | 2212.07 | 25075.03 |
| 38 | 2348.50 | 125.38 | 2223.13 | 22851.90 |
| 39 | 2348.50 | 114.26 | 2234.24 | 20617.66 |
| 40 | 2348.50 | 103.09 | 2245.41 | 18372.24 |
| 41 | 2348.50 | 91.86 | 2256.64 | 16115.60 |
| 42 | 2348.50 | 80.58 | 2267.92 | 13847.68 |
| 43 | 2348.50 | 69.24 | 2279.26 | 11568.41 |
| 44 | 2348.50 | 57.84 | 2290.66 | 9277.75 |
| 45 | 2348.50 | 46.39 | 2302.11 | 6975.64 |
| 46 | 2348.50 | 34.88 | 2313.62 | 4662.01 |
| 47 | 2348.50 | 23.31 | 2325.19 | 2336.82 |
| 48 | 2348.50 | 11.68 | 2336.82 | 0.00 |
Monthly steps on the reducing balance. Your lender's schedule may differ by a few riyals because of dates and rounding.
Finance, not a loan. Most Saudi consumer finance is tamweel (تمويل) rather than a loan (قرض): the lender's charge is called the term cost (profit), not interest. SAMA's rules make it behave like a loan on the reducing balance, so the same maths applies.
What SAMA's rules say
- Reducing balance, fixed: the term cost is spread on the reducing balance and fixed for the whole term.
- APR includes every fee: the APR must include every fee you cannot avoid, VAT included — and adverts may show only the APR, not the term cost rate. SAMA's APR counts time in years, so a 6% term cost paid monthly already shows as about 6.17% APR before any fee.
- Admin fee: at most 0.5% of the amount or SAR 2,500, whichever is lower, plus VAT.
- At most 60 months for personal finance.
- One third of your salary: consumer finance instalments taken from your salary, plus your credit-card minimums, may not exceed 33.33% of it (25% of a pension).
- 10 days to change your mind: you may cancel within 10 days of signing if nothing has been paid out.
Paying off early? See the early settlement calculator.
Questions people ask
What is the term cost?
SAMA's name for the lender's profit on finance. It is a yearly rate on the reducing balance, fixed for the whole term.
Why do adverts show only the APR?
SAMA requires adverts to show the APR, which includes every fee you cannot avoid, and forbids showing other rates such as the term cost on their own.
Why is the APR higher than the term cost even with no fees?
SAMA's APR rules count time in years and parts of a year, so a term cost charged monthly compounds into a slightly higher yearly figure: 6% a year paid monthly is about 6.17% APR before any fee.
How long can personal finance run?
In Saudi Arabia, at most 60 months (5 years).
How big can the admin fee be?
In Saudi Arabia, at most 0.5% of the finance amount or SAR 2,500, whichever is lower, plus 15% VAT.
What is EMI?
EMI — equated monthly instalment — is what Saudi offers call the monthly instalment: the same amount each month, covering that month's term cost on what you still owe and part of the finance. SAR 100,000 over 48 months at an example 6% term cost is SAR 2,348.50 a month.
Is car finance calculated the same way?
Yes: car finance uses the same instalment formula on the reducing balance and the same SAMA rules on the term cost and the APR. The car finance calculator adds the down payment, registration and insurance.