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Personal finance · APP-2207
✓ Approved up to SAR 150,000

A credit officer approved your application. Read the offer and sign when you're ready.

Offer · in your app
  • Offer · in your appToday

Your offerعرضك

Sharia-compliant · Tawarruq
Amount
SAR 150,000
Term
60 months
Monthly instalment
SAR 3,200
Profit rate
5.6% flat
APR
10.61%
Admin fee
SAR 1,500

Product sheet · Profit rate and feesورقة المنتج · نسبة الربح والرسوم

From xbank.sa
X Bank Personal FinanceCash finance by Tawarruq, profit rate fixed for the whole termKEY FACTS · PF-01
Profit rate
From 4.25% to 6.5% flat a year, and it does not change after signing.Your offer: 5.6% flat · SAR 3,200 a month for 60 months
Annual percentage rate (APR)
From 7.85% to 11.7%.Your offer: 10.61%
Fees
One admin fee of 1% of the amount, capped at SAR 5,000, taken once from the amount financed. No fee to apply and no monthly fee.Your offer: SAR 1,500
Amount and term
SAR 10,000 to 1,500,000, up to 20 times the monthly salary, over 12 to 60 months.
Debt burden
All monthly instalments, including at other banks, may not be more than a third of total salary (Saudi Central Bank limit).
Early settlement
Any time, in full or in part. The cost is at most three months of profit on the remaining amount.
Change of mind
Cancel within 10 days of signing at no cost, by returning the amount received.

Finance agreement · SAR 150,000عقد التمويل · 150,000 ريال

Waiting for your signature

1. The finance. X Bank buys a commodity, sells it to you on deferred terms and sells it on your behalf, and the money is paid into your account. You don't need to do anything.

2. Amount and repayment. SAR 150,000 over 60 monthly instalments of SAR 3,200, collected on the 1st of each month from your X Bank account. Profit rate 5.6% flat a year; APR 10.61%.

3. Fees. An admin fee of SAR 1,500 is taken once from the amount financed, so SAR 148,500 is paid into your account within one working day of signing.

4. Late payment. No extra profit and no fee for paying late. An instalment more than 30 days late is reported to SIMAH.

5. Early settlement and cancelling. Early settlement costs at most three months of profit on the remaining amount. You can cancel within 10 days at no cost.

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× Draw your signature on the line ✓ Signed

Your signature is confirmed through Nafath. You can cancel within 10 days at no cost.