|
Asset Type
|
Vehicle
|
|
Vehicle Price
|
SAR 189,107
|
|
Down payment
|
0%
|
|
Loan term in months
|
60 Months
|
|
Profit rate
|
1.75% ( profit rate differ based on customer segment)
|
|
Insurance rate
|
2.50% (Insurance rate is based on customer record, vehicle type and in case of claims.
|
|
Annual percentage rate (APR)
|
5.53%
|
|
Administrative fees
|
1% of loan amount or SAR 5,000 whichever is lower.
|
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/03/2025
Example of monthly installment based on down payment
|
Down payment
|
0%
|
5%
|
10%
|
|
Loan terms in months
|
60
|
60
|
60
|
|
Loan type
|
Ijara
|
Ijara
|
Ijara
|
|
Profit rate
|
1.75%
|
1.75%
|
1.75%
|
|
Loan amount
|
SAR 189,107
|
SAR 179,652
|
SAR 170,196
|
|
Monthly installment
|
SAR 2,326
|
SAR 2,155
|
SAR 1,984
|
|
Annual percentage rate (APR)
|
5.53%
|
5.59%
|
5.65%
|
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/03/2025
Pricing
|
Product
|
Profit rate type
|
Minimum profit rate
|
Annual percentage rate (APR)
|
|
Auto Lease
|
Ijara
|
0% 2Y
|
5.9%
|
|
5% 5Y
|
10.82%
|
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/02/2025