Last update on this page:

27 Sep 2020



Prices of Financing and Savings Products

Personal Finance

Propoerty Market Value
Fixed or Variable Rate
APR
Maturity in Years
Payment Type
Monthly Repayment Amount*
Early Payment Charges
100,000
Fixed
3.150%
5 Years
Principal and Interest / Profit
1,782.55
Profit of future 3 installments

*APR & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate

Personal Finance Calculator

Islamic Commodity Investment Account


Example: of 1 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR50,000
2.25
1M
SAR 21
SAR 50,021

Example: of 9 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR100,000
1.94
9M
SAR 1455
SAR 101,455

Example: of 12 Months subscription in (Islamic Commodity Investment Account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR25,000
2.55
12M
SAR 649
SAR 25,649

*AER: is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.

**AER may differ depending on the amount and the period different form the above example.

Saving Account

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR 152
0.0015
12M
SAR 12
SAR 164

*AER may differ depending on the amount and the period different form the above example.


Example: of 1 Month subscription in (saving account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR100,000
0.0015
1 M
SAR13
SAR100,013

Example: of 12 Months subscription in (saving account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR 100,000
0.0015
12M
SAR 153
SAR 100,153

Example: of 12 Months subscription in (saving account) Account:

Deposit Amount
AER
Period
Expected Profit Amount
Expected Maturity Amount
SAR 500,000
0.0015
12M
SAR 764
SAR500,764

*AER: is an Annual Equivalent Rate, is a figure which shows what the profit rate on an account would be if profit was paid for a full year and compounded.

 *AER may differ depending on the amount and the period different form the above example.

Credit Cards

Credit Card Fees
VISA Gold
VISA Platinum
Mastercard World
Annual Fees  SAR
402.5
690
1150
 Foreign Currency charges
3.10%
3.10%
3.10%
 Annual Percentage Rate
 (Based on Customer Segment)
30.99% - 37.99%
30.99% - 37.99%
30.99% - 37.99%
 Minimum Amount Due
5% or SR 350 (whichever is higher)
5% or SR 350 (whichever is higher)
5% or SR 350 (whichever is higher)
 Late Payment Fee  SAR
115
115
115
Credit Cards Calculator

Home Finance Products:

1- Self-Construction under tawarruq/ tawarruq Home equity release


Example1:

Property Market Value

Loan to value Ratio

Fixed or Variable Rate

APR
Maturity in Years

Payment Type

Monthly Repayment Amount*

Early Payment Charges

500,000
90%
Fixed
5.64%
20 Years
Principal and Interest / Profit
3,476.74
Profit of future 3 installments

Example2:

Property Market Value

Loan to value Ratio

Fixed or Variable Rate

APR

Maturity in Years

Payment Type

Monthly Repayment Amount*

Early Payment Charges

714,000
70%
Fixed
6.49%
25 Years
Principal and Interest / Profit
3372.92
Profit of future 3 installments


2- Off Plan:


Example1:

Property Market Value

Loan to value Ratio

Fixed or Variable Rate

APR
Maturity in Years

Payment Type

Monthly Repayment Amount*

Early Payment Charges

850,736
70%
Fixed
First period: 2.68%
First period: 2 Years
 Interest / Profit for the first 2 years
 First period: 930 SAR
Profit of future 3 installments
Second period: 4.78%
Second period:13 Years
Principal and Interest / Profit for rest
Second period: 5,133 SAR

Example2:

Property Market Value

Loan to value Ratio

Fixed or Variable Rate

APR

Maturity in Years

Payment Type

Monthly Repayment Amount*

Early Payment Charges

771,370
90%
Fixed
First period: 2.90%
First period: 2 Years
 Interest / Profit for the first 2 years
 First period:  2,516 SAR
Profit of future 3 installments
Second period: 4.95%
Second period:18 Years
Principal and Interest / Profit for rest
Second period: 4,863 SAR

Example3:

Property Market Value

Loan to value Ratio

Fixed or Variable Rate

APR
Maturity in Years

Payment Type

Monthly Repayment Amount*

Early Payment Charges

496,000
90%
Fixed
First period: 2.90%
First period: 2 Years
 Interest / Profit for the first 2 years
 First period: 1,474 SAR
Profit of future 3 installments
Second period: 4.97%
Second period:18 Years
Principal and Interest / Profit for rest
Second period: 3,132SAR

Policy terms and conditions apply

Only available to residents of Saudi Arabia

 ***Annual Percentage Rate starts from 4.94%

Murabaha

Propoerty Market Value
Loan to value Ratio
Fixed or Variable Rate
APR
Maturity in Years
Payment Type
Monthly Repayment Amount*
Early Payment Charge
500,000
90%
Fixed
6.78%
25 Years
Principal and Interest / Profit
3,030.00
Profit of future 3 installments

*APR & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate

Ijara

Propoerty Market Value
Loan to value Rati
Fixed or Variable Rate
APR
Maturity in Years
Payment Type
Monthly Repayment Amount*
Early Payment Charges
500,000
90%
Fixed for first 2 years
Repriced every 2 years SWAP rate plus 3%
5.30%
25 Years
Principal and Interest / Profit
2,649.04
Profit of future 3 installments

*APR & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate

Home Finance Calculator

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Alawwal Bank