Prices of financing products
Last modification: 28 Nov 2022
* Interest rates vary by tenor & subject to Tamam policy
* Administration fee : 1% of finance amount (capped at SAR 5,000).
Early settlement fees : 3 months term cost from date of finance closure.
APR: 8.83 %
Management Fees: 34.50 SAR
Total Cost: 267.18 SAR
Total Repayment Amount: 3,227.50 SAR
With personal finance, monthly installment is:
SAR 3,228*
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 |
|---|---|---|---|
| 3,000 | 1 | 8.83% | 3,227.5 |
| 5,000 | 3 | 34.98% | 2,046 |
| 10,000 | 4 | 41.87% | 3,150 |
| 15,000 | 5 | 53.17% | 3,975 |
| 25,000 | 18 | 85.05% | 2,472.22 |
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).
Early settlement fees : 3 months term cost from date of finance closure.