View the pricing and calculations related to our finance and savings products.
Finance and Saving Pricing
Lease Finance
Credit Card
Khayrat AlAhli
Micro and Small Enterprises
Personal Finance
Residential Finance
SME Financing
Lease Finance Examples
| Asset Type | Finance Amount | Duration | APR | Installment | Balloon Payment |
|---|---|---|---|---|---|
| Car | 100,000 | 5 Years | 9.17% | 1,770 | 25,000 |
| Car | 100,000 | 3 Years | 10.16% | 2,473 | 30,000 |
| Car | 150,000 | 2 Years | 8.95% | 5,640 | 30,000 |
- 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 payment start date and 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 six variables (Finance amount, profit rate, Finance tenor and car price and payment start date)
- Administrative fees are either 1% of the amount of finance or SR 5,000, whichever is less.
- Terms & conditions apply