Updated August 2024


Example for Platinum credit card with credit limit of SAR 10,000:

 

APR

Credit Card Purchase rate*

Minimum Repayment Percentage

Months Until Balance Repaid 

38.36%

2.20% Monthly

5%

57months

42.90%

2.49% Monthly

5%

62 months

48.02%

2.79% Monthly

5%

67 months

 

 

The above table is an example.

*The actual Credit Card Purchase rate is based on the customer’s salary and the employer’s classification.

**If only minimum repayment is made every month, it will take (Refer to the above table) to repay the full amount, keeping in mind the compounded interest added each month.

To view other examples, please visit Credit cards calculator page click here

 

Updated August 2024

 
Loan Amount Tenure APR Installment amount 
SR 500,000 5 Years 5.42% SR 9,412.50
SR 300,000 5 Years 5.45% SR 5,647.50
SR 100,000 5 Years
 
5.62% SR 1,882.5

 

The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…

To view other examples, please visit personal finance calculator page  click here

Updated August 2024
 
  1. (purchasing ready unit, self-construction and mortgage)
  • For customers purchasing the first house:

 

 
Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
1,000,000 SAR %90  Fixed 6.44% 20 years Principal & profit 6,562.50 SAR  Profit of 3 months future payments
 

 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
700,000 SAR  %90  Fixed 6.65% 15 years Principal & profit 5,442.50 SAR  Profit of 3 months future payments


 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 500,000 %90 Fixed 6.48% 13 years Principal & profit 4,197.12 SAR Profit of 3 months future payments


 

The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…

To view other examples, please visit real estate finance calculator page click here

  • For customers purchasing the second house:

 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 1,000,000 %70 Fixed 6.46% 20 years Principal & profit SAR 5,104.17 Profits of 3 months future payments

 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 700,000 %70 Fixed 6.69% 15 years Principal & profit SAR 4,233.06 Profits of 3 months future payments




 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 500,000 %70  Fixed 6.48% 13 years Principal & profit SAR 3,264.42 Profits of 3 months future payments

 

The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…

To view other examples, please visit real estate finance calculator page click here

2. (units under construction)
 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 1,000,000 %90  Fixed 6.44% 20 years During construction period: only profit.
After construction period:
Profit & principle
SAR  6,562.50 Profits of 3 months future payments


 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 700,000 %90 Fixed 6.65% 15 years During construction period: only profit. 
After construction period:
Profit & principle
SAR 5,442.50 Profits of 3 months future payments


 

Property market value Finance to value ratio Fixed or variable rate APR Maturity in Year Payment type Monthly repayment amount Early payment charge
SAR 500,000 %90 Fixed 6.48% 13 years During construction period: only profit. 
After construction period:
Profit & principle
SAR  4,197.12 Profits of 3 months future payments


 

The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…

To view other examples, please visit real estate finance calculator page click here

Updated August 2024
 

Car price including VAT

Monthly installment

APR%

Ballon payment

Tenor (in years)

Car type

SAR 398,519.85

SAR 5,533.53

7.46%

SAR 138,615.60

5 Years

New car

SAR 193,975.10

SAR 5,117.53

11.40%

SAR 48,915.46

3 Years

New car

SAR 233,180.90

SAR 745.30

8.62%

SAR 116,590.45

2 Years

New car



The above table is an example, and subject to change based on the credit history, employer, age, finance value, finance tenor, salary, etc…
To view other examples, please visit Auto lease calculator page click here

Updated August 2024

Short Term Tawaruq – Once

Product

APR

Management Fees

Low or High Limit of Management Fees

Short Term Tawaruq - Once

From 4% to 15%

From 0% to 5%

No


 

Examples

 

Finance Amount (SAR)*

Finance Tenure

Cost of Finance (APR)

Management Fees

Management Fees

Amount (SAR)

Monthly Instalment Amount (SAR)*

1,000,000

12 Months

6%

2%

20,000

88,500

1,000,000

12 Months

4%

1%

10,000

86,777

1,000,000

12 Months

12%

3%

30,000

93,666

 

* The above table is an example, and the annual percentage rate varies according to the amount, maturity period and credit score for each client, bearing in mind that the monthly installment amount is variable in order to apply the profit margin on the remaining balance of the financing, as the amount of the original financing remains the same throughout the financing tenure without any change.  However, the amount of the profit margin changes incrementally as the financing principal decreases.

 

Medium Term Tawaruq – Once

 

Product

APR

Management Fees

Low or High Limit of Management Fees

Medium Term Tawaruq - Once

From 4% to 15%

From 0% to 5%

No

 

Examples

 

Finance Amount (SAR)*

Finance Tenure

Cost of Finance (APR)

Management Fees

Management Fees

Amount (SAR)

Monthly Instalment Amount (SAR)*

1,000,000

18 Months

10%

2%

20,000

64,166

1,000,000

24 Months

7%

3%

30,000

47,694

1,000,000

36 Months

8%

4%

40,000

34,666

 

* The above table is an example, and the annual percentage rate varies according to the amount, maturity period and credit score for each client, bearing in mind that the monthly installment amount is variable in order to apply the profit margin on the remaining balance of the financing, as the amount of the original financing remains the same throughout the financing tenure without any change.  However, the amount of the profit margin changes incrementally as the financing principal decreases.

 

Short Term Tawaruq – Revolving

 

Product

APR

Management Fees

Low or High Limit of Management Fees

Short Term Tawaruq - Revolving

From 4% to 15%

From 0% to 5%

No

 

Examples

 

Finance Amount (SAR)*

Finance Tenure

Payment Term

Payment Method

Cost of Finance (APR)

Management Fees

Management Fees

Amount (SAR)

Monthly Instalment Amount (SAR)*

1,000,000

12 Months

6 Months

2 Payments Quarterly

12%

2%

20,000

530,000

1,000,000

12 Months

6 Months

Full Payment

5%

3%

30,000

1,060,000

1,000,000

12 Months

6 Months

Monthly

7%

1%

10,000

170,500

 

* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.

 

Letter of credits financing

 

Product

APR

Management Fees

Cash Margin

Low or High Limit of Management Fees

Documentary credits financing

From 4% to 15%

From 0% to 5%

From 10% to 40%

No

 

Examples

 

Finance Amount (SAR)*

Finance Tenure

Payment Term

Payment Method

Cost of Finance (APR)

Cash Insurance

Management Fees

Management Fees

Amount (SAR)

Monthly Instalment Amount (SAR)*

1,000,000

12 Months

120 Days

Full Payment

5%

15%

2%

20,000

1,016,666

1,000,000

12 Months

90 Days

Full Payment

12%

30%

3%

30,000

1,030,000

1,000,000

12 Months

210 Days

Full Payment

7%

25%

1%

10,000

1,040,000

 

* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.

 

Islamic overdraft

 

Product

APR

Management Fees

Low or High Limit of Management Fees

Islamic Overdraft

From 4% to 15%

From 0% to 5%

No

 

* The above table is an example and the annual percentage rate, maturity period and credit score may vary for each customer.

* The value of the profit margin is calculated on a monthly basis based on the overdraft balance and there are no specific installments.

Updated August 2024
 

Average Balance during month*

Profit calculation

Profit payment

AER

Number of withdrawals permitted for earning profit

SR 2,500 

Monthly

Half-Yearly

2.50%

2 per month

SR 50,000

Monthly

Half Yearly

2.50%

2 per month

SR 100,000

Monthly

Half Yearly

2.50%

2 per month


 

The above table is an example.  The AER and number of withdrawals permitted for earning profit are subject to change based on the market
conditions.

*Minimum required monthly average balance to earn profit is SR 2,500.

Updated August 2024
 

Deposit Amount

Period

AER

Expected Profit Amount

Expected Maturity Amount

SR 100,000

12 months

1.00%

SR 1,000

SR 101,000

SR 200,000

6 months

0.80%

SR 800

SR 200,800

SR 50,000

24 months

1.50%

SR 1,511

SR 51,511


 

The above table is an example. AER varies with the amount and period & it is subject to change based on the market conditions.

Updated August 2024
 

Deposit Amount

Period

AER

Expected Profit Amount

Expected Maturity Amount

SR 200,000 

12 months

5.76%

SR 11,520

SR 211,520

SR 100,000 

3 months

5.99%

SR 1,497.50

SR 100,497.50

SR 250,000 

6 months

5.74%

SR 7,214.86

SR 257,214.86


 

The above table is an example. AER varies with the amount and period & it is subject to change based on the market conditions.

Updated August 2024
 

Lowest Balance during month*

Profit calculation

Profit payment

AER

Number of withdrawals permitted for earning profit

SR. 1,000 

Monthly

Half-Yearly

0.05%

No Limit

SR  5,000

Monthly

Half Yearly

0.05%

No Limit

SR 10,000

Monthly

Half Yearly

0.05%

No Limit

 

The above table is an example.  AER is subject to change based on the market conditions.

*Lowest account balance required to earn profit is SR 1,000.

*Terms and Conditions Apply