Lease Finance

View the pricing and calculations related to our finance and savings products.

Lease Finance Examples
     Asset Type  Finance Amount Duration APR  Installment Balloon Payment
 Car  100,000  5 Years  8.91%  1,770  25,000
 Car 100,000  3 Years  9.44%  2,473  30,000
 Car 150,000  2 Years  7.84%  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
Finance calculator
Auto Lease Finance Calculator
Auto Lease Finance Calculator
Car Price
SR
Down payment
%
Balloon payment
Final, lump sum paid at the end of a loan's term and can’t exceed 40% of vehicle’s price (except 50/50 program)
%
Repayment term
Monthly Payment
0
The monthly installment indicated is an approximate amount for our valued customers. The due finance amount is calculated based on the client’s existing commitments, monthly income information, and the annual interest rate.

In order to know the final monthly installment amount, please visit the showroom of the desired car dealer and approach SNB’s Lease Finance representative or visit the nearest leasing finance center to you.