How to use
- Choose the finance type (personal or mortgage).
- Enter the amount, term and profit rate, and your salary if you like.
- See the monthly installment, total profit and real APR.
Flat profit rate vs APR
Personal finance in Saudi Arabia is usually quoted as a flat rate charged on the full amount for the whole term. The annual percentage rate (APR) is the real cost — use it to compare banks.
FAQ
What is the maximum installment for personal finance?
Under central bank rules, the installment for personal finance usually can't exceed one third of your salary.