Disclosure of APR on Financing Last Update 4-6-2023
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Example of: buying the first Home
Market Value of Real-estate
|
Funding Percentage
|
Fixed or Floating
|
APR
|
Duration
|
Payment Type
|
Instalment
|
Early Settlement
|
500,000
|
90%
|
Fixed
|
6.46%
|
25
|
Real estate amount & cost of installment
|
3,188
|
7,642
|
Example of: buying the second Home
Market Value of Real-estate
|
Funding Percentage
|
Fixed or Floating
|
APR
|
Duration
|
Payment Type
|
Instalment
|
Early Settlement
|
500,000
|
70%
|
Fixed
|
6.46%
|
25
|
Real estate amount & cost of installment
|
2,479
|
5,943
|
Example of: Off Plan
Market Value of Real-estate
|
Funding Percentage
|
Fixed or Floating
|
APR
|
Duration
|
Payment Type
|
Instalment
|
Early Settlement
|
500,000
|
90%
|
Fixed
|
6.46%
|
25
|
Real estate amount & cost of installment
|
3,188
|
7,642
|
Example of: Self Construction
Market Value of Real-estate
|
Funding Percentage
|
Fixed or Floating
|
APR
|
Duration
|
Payment Type
|
Instalment
|
Early Settlement
|
500,000
|
90%
|
Fixed
|
6.46%
|
25
|
Real estate amount & cost of installment
|
3,188
|
7,64
|
Example of: Equity Release
Market Value of Real-estate
|
Funding Percentage
|
Fixed or Floating
|
APR
|
Duration
|
Payment Type
|
Instalment
|
Early Settlement
|
500,000
|
90%
|
Fixed
|
6.81%
|
15
|
Real estate amount & cost of installment
|
3,556
|
6,236
|
Click hereTo experience the mortgage calculation examples
- Instalments above are the monthly instalments at the beginning of collection for Fixed instalments plans. In case you have selected a floating instalment plan such as the 2 in 1, the above instalment amounts will change
- Early settlement amounts represent the profits of the first three months when 2 years have passed from date the contract was signed, given that early settlements are not allowed during the first 2 years.
- Funding amount of the total real estate value for the second home will not exceed 70% and maximum tenor for lands financing is 20 years.
- Maximum tenor for REDF products is 25 years
- Above examples are approximated as there should be many factors that would be imbibed and would affect the calculations
- Terms & conditions apply
- Examples and prices mentioned above apply on regular financings only. They don’t include Wessam clients as their calculations depends on the client’s net worth.
- These rates apply to REDF products.
ALAHLI LEASE FINANCE
Examples of: Lease Finance
Asset type
| Finance Amount
| Duration
| APR
| Instalment
| Balloon Payment
|
Car
| 100,000
| 5 Years
| 9.57%
| 1,556
| 40,000
|
| Asset type | Finance Amount | Duration | APR | Instalment | Balloon Payment |
| Car | 150,000 | 2 Years | 6.1% | 381 | 75,000 |
| Asset type | Finance Amount | Duration | APR | Instalment | Balloon Payment |
| Car | 80,000 | 3 Years | 12.37% | 2,247 | 16,000
|
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.
The table above and its numbers are an illustrative example only to show the annual percentage rate, which is dependent on four variables (Finance amount, profit rate, Finance tenor and car price)
Administrative fees are either 1% of the amount of finance or SR 5,000, whichever is less.
Terms & conditions apply
Alahli Personal Finance
PF New Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 4.87% | 1,743 SAR |
| 200,000 SAR | 5 Years
| 4.28% | 3,487 SAR |
| 350,000 SAR | 5 Years | 4.09% | 6,102 SAR |
PF New Local Shares
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 5.74% | 1,871 SAR |
| 200,000 SAR | 5 Years | 5.84% | 3,750 SAR |
| 350,000 SAR | 5 Years
| 5.94% | 6,577 SAR |
PF Top Up Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 7.00% | 1,925 SAR |
| 200,000 SAR | 5 Years | 6.81% | 3,833 SAR |
| 350,000 SAR | 5 Years | 6.62% | 6,679 SAR |
PF Top Up Local Shares
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 6.52% | 1,904 SAR |
| 200,000 SAR | 5 Years | 6.62% | 3,817 SAR |
| 350,000 SAR | 5 Years | 6.71% | 6,694 SAR |
PF Additional Finance Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 7.00% | 1,925 SAR |
| 200,000 SAR | 5 Years | 6.81% | 3,833 SAR |
| 350,000 SAR | 5 Years | 6.62% | 6,679 SAR |
PF Additional Finance Local Shares
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 6.52% | 1,904 SAR |
| 200,000 SAR | 5 Years | 6.62% | 3,817 SAR |
| 350,000 SAR | 5 Years | 6.71% | 6,694 SAR |
PF Investment Account
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 500,000 SAR | 3 Years Monthly | 3.49% | 14,301 SAR |
| 1,000,000 SAR | Each Quarter for 2 Years | 3.32% | 129,375 SAR |
| 3,000,000 SAR | 1 payment for 3 Years | 7.28% | 3,292,500 SAR |
PF Short Tenor
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 20,000 SAR | 6 Months | 7.15% | 3,333 SAR |
| 50,000 SAR | 9 Months | 6.85% | 5,597 SAR |
| 100,000 SAR | 1 Year | 5.71% | 8,416 SAR |
PF Balance Transfer
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 3.50% | 1,775 SAR |
| 200,000 SAR | 5 Years | 3.10% | 3,517 SAR |
| 350,000 SAR | 5 Years | 2.89% | 6,122 SAR |
Note: Monthly Payments will defer for 2 months as per the features of Balance Transfer Program.
PF Dual Income
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 4.58% | 1,821 SAR |
| 200,000 SAR | 5 Years | 4.77% | 3,658 SAR |
| 350,000 SAR | 5 Years | 4.87% | 6,417 SAR |
PF Flexi
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 4.97% | 1,838 SAR |
| 200,000 SAR | 5 Years | 5.06% | 3,683 SAR |
| 350,000 SAR | 5 Years | 5.16% | 6,460 SAR |
Note: Monthly payments are variable as per the payments schedule and the features of Flexi PF
New PF Connect by Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 4.58% | 1,821 SAR |
| 200,000 SAR | 5 Years | 4.77% | 3,658 SAR |
| 350,000 SAR | 5 Years | 4.87% | 6,417 SAR |
Topup PF Connect by Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 5.39% | 1,856 SAR |
| 200,000 SAR | 5 Years | 5.49% | 3,720 SAR |
| 350,000 SAR | 5 Years | 5.55% | 6,519 SAR |
Applying through AlAhli Online or AlAhli Mobile
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 3.88% | 1,813 SAR |
| 200,000 SAR | 5 Years | 3.98% | 3,633 SAR |
| 350,000 SAR | 5 Years | 4.17% | 6,388 SAR |
* The above tables are for example purposes as APR may differ depending on the finance amount, salary amount, employer and maturity period and subject to credit scoring of each customer.
Terms and conditions applied.
Administrative fees 1% of finance amount or SAR 5,000 (whichever is less).
VAT15% of Administrative Fees.
Administrative fees are included in Annual Percentage Rate.
Alahli Lease Finance
Asset type
|
Finance Amount
|
Duration
|
APR
|
Instalment
|
Balloon Payment
|
Car
|
100,000
|
5 Years
|
9.57%
|
1,556
|
40,000
|
- 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.
- The table above and its numbers are an illustrative example only to show the annual percentage rate, which is dependent on four variables (Finance amount, profit rate, Finance tenor and car price)
- Administrative fees are either 1% of the amount of finance or SR 5,000, whichever is less.
- Terms & conditions apply
DISCLOSURE OF APR ON SAVINGS PRODUCTS
Protection and saving programs in general
| Min. Deposit Amount | Maturity Years | Annual Rate | No. of Withdrawals Permitted in 1st Year | No. of Withdrawals Permitted in 2nd Year |
| 500 | 8 | 5.9% | No limit Only Condition keeping 1000 in the balance | No limit Only Condition keeping 1000 in the balance |
| Min. Deposit Amount | Maturity Years | Annual Rate | No. of Withdrawals Permitted in 1st Year | No. of Withdrawals Permitted in 2nd Year |
| 500 | 8 | 6.0% | No limit Only Condition keeping 1000 in the balance | No limit Only Condition keeping 1000 in the balance |
| Min. Deposit Amount | Maturity Years | Annual Rate | No. of Withdrawals Permitted in 1st Year | No. of Withdrawals Permitted in 2nd Year |
| 500 | 8 | 5.2% | No limit Only Condition keeping 1000 in the balance | No limit Only Condition keeping 1000 in the balance |
| Min. Deposit Amount | Maturity Years | Annual Rate | No. of Withdrawals Permitted in 1st Year | No. of Withdrawals Permitted in 2nd Year |
| 500 | 8 | 5.4% | No limit Only Condition keeping 1000 in the balance | No limit Only Condition keeping 1000 in the balance |
| Min. Deposit Amount | Maturity Years | Annual Rate | No. of Withdrawals Permitted in 1st Year | No. of Withdrawals Permitted in 2nd Year |
| 500 | 8 | 6.8% | No limit Only Condition keeping 1000 in the balance | No limit Only Condition keeping 1000 in the balance
|
Financing Products for Micro and Small Enterprises
Product | Annual Pricing Rate % | Administrative Fees % | Maximum / Minimum Administrative Fees |
| Short-Term Loan | 4% - 8% | 1.5% - 3% | - |
| Long-Term Loan | 4% - 9% | 1.5% - 3% | - |
• The above table only an example. The annual percentage rate and the administrative fees may vary according to the loan amount, maturity period, credit score, creditworthiness of each client and valid MSME support initiatives.
Khayrat AlAhli (sharia compliant term deposit)
Transaction Minimum Amount | Maturity | Example of annual profit rate | Number of allowed withdrawals |
| 100.00 SAR | A month to a year | 1M: 0.25%
12M: 0.50% | 0 |
*Clarification: The prices in the above example are for the purpose of illustration only, noting that prices are subject to change according to market prices upon completion of the process.
