18/11/2025
Buying a car in Saudi Arabia has become easier than ever, thanks to the availability of flexible financing solutions from banks and dealerships. However, understanding car loan interest rates in Saudi Arabia is essential if you want to save money and choose the best deal. This detailed guide breaks down the latest rates, how they work, what affects them, and how you can secure the lowest rate possible. What Are Car Loan Interest Rates in Saudi Arabia? Car loan interest rates in Saudi Arabia refer to the percentage charged by banks or finance companies when you borrow money to purchase a vehicle. These rates vary depending on: Your salary
Your credit score
The bank or finance provider
Whether the car is new or used
Loan duration
Down payment amount
New cars: 2.49%–4.99% per year
Used cars: 3.5%–7.5% per year
Dealer financing/in-house finance: 0%–5% (depending on promotions)
Flat Rate: Interest is calculated on the full loan amount.
Compare the best car loan interest rates in Saudi Arabia. Learn rates, documents, tips & how to get low-cost auto finance in 2025.