Auto Lease Example

Asset Type	Vehicle
Vehicle Price	SAR 159,500
Down payment	0%
Loan term in months	60 Months
Profit rate	0.99% ( profit rate differ based on customer segment)
Insurance rate	2.50% (Insurance rate is based on customer record, vehicle type and in case of claims.
Annual percentage rate (APR)	5.18%
Administrative fees	1% of loan amount or SAR 5,000 whichever is lower.

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/04/2024

Example of monthly installment based on down payment

Down payment	0%	5%	10%
Loan terms in months	60	60	60
Loan type	Ijara	Ijara	Ijara
Profit rate	0.99%	0.99%	0.99%
Loan amount	SAR 159,500	SAR 151,525	SAR 143,550
Monthly installment	SAR 2,027	SAR 1,876	SAR 1,725
Annual percentage rate (APR)	5.18%	5.28%	5.40%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/04/2024

Pricing

Product	Profit rate type	Minimum profit rate	Annual percentage rate (APR)
Auto Lease	Ijara	0%	5.76%
Auto Lease	Ijara	5%	12.11%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/04/2024