Auto Lease Example

Asset Type	Vehicle
Vehicle Price	SAR 154,500
Down payment	0%
Loan term in months	60 Months
Profit rate	1.40% ( 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)	6.36%
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: 01/07/2024

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	1.40%	1.40%	1.40%
Loan amount	SAR 154,500	SAR 146,775	SAR 139,050
Monthly installment	SAR 2,305	SAR 2,167	SAR 2,029
Annual percentage rate (APR)	6.36%	6.50%	6.64%

* 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: 01/07/2024

Pricing

Product	Profit rate type	Minimum profit rate	Annual percentage rate (APR)
Auto Lease	Ijara	0%	5.76%
Auto Lease	Ijara	5%	12.02%

* 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: 01/07/2024