Prices of financing products
Last modification: 01 Oct 2024
* Interest rates vary by tenor & subject to Tamam policy
* Administration fee : 1% of finance amount (capped at SAR 5,000). whichever is lower
Early settlement fees : 3 months term cost from date of finance closure.
APR: 65.76 %
Management Fees: 34.50 SAR
Total Cost: 242.48 SAR
Total Repayment Amount: 3,202.80 SAR
With personal finance, monthly installment is:
SAR 1,068*
APR may differ depending on the amount and maturity period and subject to credit scoring for each customer
* Subject to terms and conditions
Example of how monthly installments are calculated Islamic Non – Salary Islamic Financing
Example of how monthly installments are calculated
Islamic Non – Salary Islamic Financing
| Financing Amount | Maturity in Months | APR* | Monthly Payment Amount |
|---|---|---|---|
| 5,000 | 3 | 34.98% | 2,045 |
| 10,000 | 6 | 64.22% | 2,316 |
| 20,000 | 12 | 87.99% | 2,533 |
| 25,000 | 18 | 85.05% | 2,472 |
| 50,000 | 24 | 82.11% | 4,250 |
The above table is just examples and APR may differ depending on the amount, the maturity period, and the credit scoring of each customer.
* Interest rates vary by tenor & subject to Tamam policy.
* Administration fee : 1% of finance amount (capped at SAR 5,000). whichever is lower...
Early settlement fees : 3 months term cost from date of finance closure.