Pricing and fees
Everything about the cost on one page, with no hidden footnotes.
Rates
Tawarruq financing — Annual flat profit rate
25.0%
Calculated on the original financing amount for the whole term.
Tawarruq financing — Annual percentage rate (APR)
53.1%
15,000 SAR · 12 months
Calculated on the declining balance using the prescribed formula, and it varies with the amount and the term. The examples below show how.
Study Now, Pay Later — Annual flat profit rate
0.0%
No profit is charged. The total repaid equals the amount financed.
This calculator is illustrative only and shows how installments would be calculated. It is not an offer or an invitation to contract, and no financing is being provided at this time.
Worked examples
Tawarruq financing · All figures calculated at a 25.0% annual flat profit rate.
| Amount | Term | Monthly installment | Cost of financing | Total repaid | APR |
|---|---|---|---|---|---|
| 5,000 | 6 months | 937.50 | 625 | 5,625 | 50.6% |
| 10,000 | 12 months | 1,041.67 | 2,500 | 12,500 | 53.1% |
| 15,000 | 12 months | 1,562.50 | 3,750 | 18,750 | 53.1% |
| 20,000 | 24 months | 1,250 | 10,000 | 30,000 | 51.7% |
| 30,000 | 24 months | 1,875 | 15,000 | 45,000 | 51.7% |
| 30,000 | 36 months | 1,458.33 | 22,500 | 52,500 | 49.4% |
5,000 SAR · 6 months
- Monthly installment
- 937.50
- Cost of financing
- 625
- Total repaid
- 5,625
- APR
- 50.6%
10,000 SAR · 12 months
- Monthly installment
- 1,041.67
- Cost of financing
- 2,500
- Total repaid
- 12,500
- APR
- 53.1%
15,000 SAR · 12 months
- Monthly installment
- 1,562.50
- Cost of financing
- 3,750
- Total repaid
- 18,750
- APR
- 53.1%
20,000 SAR · 24 months
- Monthly installment
- 1,250
- Cost of financing
- 10,000
- Total repaid
- 30,000
- APR
- 51.7%
30,000 SAR · 24 months
- Monthly installment
- 1,875
- Cost of financing
- 15,000
- Total repaid
- 45,000
- APR
- 51.7%
30,000 SAR · 36 months
- Monthly installment
- 1,458.33
- Cost of financing
- 22,500
- Total repaid
- 52,500
- APR
- 49.4%
Amount, Cost of financing, Total repaid:
Fees
There are no administrative or origination fees at launch. Any future fee will be published here before it is applied.
Late payment
Our late payment policy will be published here before launch. No penalty is applied without prior disclosure.