Special and exclusive offers tailored for you to enjoy driving away in the car of your choice with “NCB Auto Lease with Promise to Own Program!”
The Annual Percentage Rate (APR) is the cost of the credit extended to the consumer by the bank. This rate is usually higher than the profit rate (Flat Rate) as it takes into consideration all costs featured in extending that credit namely administrative fees, commission, and insurance cost. Therefore, APR provides a clearer picture of the cost of credit than profit rate.
Administrative fees are either 1% of the amount of finance or SR 5000, whichever is less.