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Interest rate of finance and savings Products

Interest rate of finance and savings Products

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
2,343.75 SAR 6.66% 5 years 125,000 SAR
3,732.64 SAR 5.56% 3 years 125,000 SAR
10,677.08 SAR 5.27% 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
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