|
Asset Type
|
Vehicle
|
|
Vehicle Price
|
122,494.45
|
|
Down payment
|
0%
|
|
Loan term in months
|
60 Months
|
|
Profit rate
|
1.75% ( 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)
|
5.50%
|
|
Administrative fees
|
1% of loan amount or 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: 01/08/2025
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
|
1.75%
|
1.75%
|
1.75%
|
|
Loan amount
|
122,494.45
|
116,370
|
110,245
|
|
Monthly installment
|
1,506.94
|
1,395.93
|
1,284.92
|
|
Annual percentage rate (APR)
|
5.50%
|
5.56%
|
5.62%
|
* 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: 01/08/2025
Pricing
|
Product
|
Profit rate type
|
Minimum profit rate
|
Annual percentage rate (APR)
|
|
Auto Lease
|
Ijara
|
0% 5Y
|
3.07%
|
|
5% 5Y
|
10.87%
|
* 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: 01/08/2025