last update: 1/3/2023
Finance products
Credit Cards
Example (1), The credit limit is SAR 10,000 and the cardholder decided to paid due amount of (SAR 7,000) as planned:
| APR |
Credit Card Purchase Rate |
Minimum Payment |
Period to Payoff* |
| 27% |
2.25% |
5% |
71 Months |
*If the customer made the monthly minimum payment, then cardholder needs 71 months to pay the full amount and take into consideration the interests and added profits every month.
Example (2), The credit limit is SAR 20,000 and the cardholder decided to paid due amount of (SAR 10,000) as planned:
| APR |
Credit Card Purchase Rate |
Minimum Payment |
Period to Payoff* |
| 27% |
2.25% |
5% |
12 Months |
*If the customer made the monthly minimum payment, then cardholder needs 12 months to pay the full amount and take into consideration the interests and added profits every month.
Example (3), The credit limit is SAR 12,000 and the cardholder decided to paid due amount of (SAR 5,000) as planned:
| APR |
Credit Card Purchase Rate |
Minimum Payment |
Period to Payoff* |
| 27% |
2.25% |
5% |
5 Months |
*if the customer made the monthly minimum payment, then cardholder needs 5 months to pay the full amount and take into consideration the interests and added profits every month.
Credit card calculator
Home finance
| Example: Disclosure of the cost rates of a 15-year mortgage for the first home |
| Early payment Charge |
Monthly Repayment Amount |
Payment Type |
Maturity Years |
*APR |
Fixed or Variable Rate |
Loan to Value Ratio |
Property Market Value |
| 3 Months Profit |
6,394 SAR |
Principal and Profit |
15 years |
6.81% |
Fixed Rate |
90% |
800,000 |
* APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer
*Subject to terms and conditions.
**The administrative fees are 1% of the financing amount or SR 5,000 whichever is lower.
***Annual percentage rate (APR) starting from 4.86% including all fees and charges.
Home finance calculator
Personal Finance
| Example: Disclosure of Profit Rates of Personal finance for 5 years |
| Monthly Payment Amount |
*APR |
Maturity Years |
Finance Amount |
| 2,217.71 SAR |
2.49% |
5 years |
125,000 SAR |
| 3,606.60 SAR |
2.48% |
3 years |
125,000 SAR |
| 10,551.04 SAR |
2.37% |
1 years |
125,000 SAR |
* APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer
Personal finance calculator
Savings products
Savings account
Example: Saving account with Annual Average Balance 1,000
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Annual AVG Balance |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Saving account |
0 |
0 |
1,000 |
No Maturity Date |
0.10% |
No limit |
No limit |
Example: Saving account with Annual Average Balance 10,000
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Annual AVG Balance |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Saving account |
0 |
0 |
10,000 |
No Maturity Date |
0.10% |
No limit |
No limit |
Example: Saving account with Annual Average Balance 100,000
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Annual AVG Balance |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Saving account |
0 |
0 |
100,000 |
No Maturity Date |
0.10% |
No limit |
No limit |
The Annual Equivalent Rates mentioned above are an example and changeable
There is no minimum initial deposit / monthly subscription
There is no predetermined period for the savings account, the Annual Equivalent Rate is calculated based on the daily balance (based on the average account balance), and it is paid into the customer’s account every six months.
Terms and conditions applied
Save to Own a Home
Example: 1 year fixed term Save to own a home
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
| Save to own a home |
10,000 |
1,000 |
1 |
0.90% |
0 |
Example: 5 year fixed term Save to own a home
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Save to own a home |
10,000 |
1,000 |
1 |
2.65% |
0 |
0 |
Example: 10 year fixed term Save to own a home
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Save to own a home |
10,000 |
1,000 |
10 |
3.50% |
0 |
0 |
The Annual Equivalent Rates mentioned above are an example and changeable
Cash withdrawals are not allowed during the contract’s validity period because the purpose of the account is to save and invest the amount saved according to the specified period
Terms and conditions applied
Recurring Deposit Account
Example: 1 year fixed term Recurring deposit account
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the remaining years |
| Recurring deposit account |
5,000 |
500 |
1 |
0.75% |
0 |
Example: 3 year fixed term Recurring deposit account
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Recurring deposit account |
5,000 |
500 |
3 |
1.85% |
0 |
0 |
Example: 5 years fixed term Recurring deposit account
| Saving account Type |
Minimum Initial deposit Amount |
Minimum Monthly Contribution |
Maturity in years |
Annual Equivalent Rate |
Number of Withdrawals Permitted in the 1st Year |
Number of Withdrawals Permitted in the remaining years |
| Recurring deposit account |
5,000 |
500 |
5 |
2.50% |
0 |
0 |
The Annual Equivalent Rates mentioned above are an example and changeable
Cash withdrawals are not allowed during the contract’s validity period because the purpose of the account is to save and invest the amount saved according to the specified period
Terms and conditions applied
Finance products for small and micro enterprises
| Product |
Profit Rate |
Financing Period |
Administrative Fees |
Minimum Mgmt. Fees |
| Overdraft |
3% to 11.5% |
Up to 12 Months |
1.5% to 5% |
--- |
| Tawarruq/Murabaha /Short Term Loan |
3% to 11.5% |
Up to 12 Months |
1.5% to 5% |
--- |
| Tawarruq/Murabaha/ Medium and Long Term Loan |
3% to 11.5% |
Up to 60 Months |
1.5% to 5% |
--- |
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.
