- Prices of Financing and Savings Products
Prices of Financing and Savings Products
Fiduciary Advice
To maintain a good credit record, please note the following points:
- It is important to commit to the full, on-time payment of all due installments amounts.
- Holding multiple credit cards can lead to financial difficulties if spending is not carefully monitored, resulting in missed card payments.
- Disclosure of your financial obligations helps in proper financial planning and scheduling of required payments.
Last update on 21-09-2020
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Personal Financing |
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Monthly Installment |
Profit Rate (APR) |
Financing Period |
Product |
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|
SR 800 |
3.00% |
4 years |
Stock - Auto |
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|
SR 900 |
4.00% |
5 years |
Stock - Auto |
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|
SR 1000 |
3.61% |
5 years |
Stock - Auto |
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*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank. |
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Real Estate Financing (Murabha) - Directly Via Alinma Bank |
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|
Early Repayment |
Monthly Installment |
Principal + Bank Profit |
Financing Period |
Profit Rate (APR) |
Fixed/Variable APR |
Bank Profit Margin |
Principal |
|
Remainder of the financed amount + profit for the next three months |
SAR 2,978.57 |
SAR 893569.73 |
25 years |
5.19% |
Fixed |
79% |
SAR 500,000 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,499 |
SAR 1,649,835 |
25 years |
5.00% |
Fixed |
75% |
SAR 940,736 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,499 |
SAR 659,934 |
10 years |
4.50% |
Fixed |
24% |
SAR 530,638 |
|
*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank. |
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Real Estate Financing (Murabha) - Ministry of Housing & REDF |
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|
Early Repayment |
Monthly Installment |
Principal + Bank Profit |
Financing Period |
Profit Rate (APR) |
Fixed/Variable APR |
Bank Profit Margin |
Principal |
|
Remainder of the financed amount + profit for the next three months |
SAR 4,146.70 |
SAR 746405.57 |
15 years |
5.73% |
Fixed |
49% |
SAR 500,000 |
|
Remainder of the financed amount + profit for the next three months |
SAR 6,499 |
SAR 1,949,805 |
25 years |
5.00% |
Fixed |
75% |
SAR 1,111,779 |
|
Remainder of the financed amount + profit for the next three months |
SAR 6,499 |
SAR 779,922 |
10 years |
4.50% |
Fixed |
24% |
SAR 627,118 |
|
*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank. |
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|
Saving Account |
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|
Minimum Account Balance (Minimum balance package) |
Maturity in Month |
AER |
Number of Withdrawals Permitted in the Month |
|
SR 5000 |
One Month |
0.30%/Year |
Open |
|
SR 50000 |
One Month |
0.35%/Year |
Open |
|
SR 100000 |
One Month |
0.65%/Year |
Open |
|
Minimum Account Balance (daily balance package) |
Maturity in Month |
AER |
Number of Withdrawals Permitted in the Month |
|
SR 25000 |
One Month |
0.32%/Year |
Open |
|
Examples of savings account packages (lowest balance) |
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Notes |
The value of the monthly return(SR) |
AER |
Lowest balance during the month |
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There is no return as the account balance is less than the minimum eligible to participate in any of the savings account packages |
0 |
0% |
3000 SAR |
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The balance is greater than 5000 riyals and less than 50,000 riyals, and therefore the return of the first package is 0.30% |
1.75 |
0.30% |
7000 SAR |
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The balance is greater than 50,000 riyals and less than 100,000 riyals, and therefore the return of the second package is 0.35% |
17.5 |
0.35% |
60000 SAR |
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The balance is greater than 100,000 riyals, and therefore the return of the third package is 0.65% |
2708 |
0.65% |
5,000,000 SAR |
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Example of savings account package (daily balance) |
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Notes |
The value of the monthly return(SR) |
AER |
balance during the month |
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There is no return as the account balance is less than the minimum eligible to participate in any of the savings account packages |
0 |
0% |
7000 riyals for a whole month |
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The balance is greater than 25,000 riyals, and therefore a return of 0.32% annually is paid for the days when the balance is available only |
5.3 |
0.32% |
riyals for 20 days a month 30,000 |
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|
The balance is greater than 25,000 riyals, and therefore a return of 0.32% annually is paid for the days when the balance is available only |
8 |
0.32% |
riyals for a whole month30,000 |
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The cards fees |
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|
Card type |
New issue fee |
The additional card fees |
Replacement fees |
International internet transactions fees |
Annual fees |
|
mada gold |
0 SR |
0 SR |
30 SR |
2.2% from the transaction amount |
0 SR |
|
mada platinum |
0 SR |
0 SR |
30 SR |
2.2% from the transaction amount |
0 SR |
|
mada signature |
0 SR |
0 SR |
30 SR |
2.2% from the transaction amount |
0 SR |
|
mada infinite |
0 SR |
0 SR |
30 SR |
2.2% from the transaction amount |
0 SR |
|
visa Classic |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa gold |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa Platinum |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa Signature |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa infinite |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Purchase credit card |
100 SR |
N/A |
50 SR |
2.2% from the transaction amount |
100 SR |
|
Traveler card |
75 SR |
N/A |
50 SR |
Transactions preformed on one of the card’s currencies and the amount was not sufficient in the relevant wallet, so a fee of 1% from the transaction amount will apply. Transactions performed on a currency other than the card’s currencies, a fee of 2% from the transaction amount will apply. |
75 SR |
|
Corporate gold |
0 SR |
N/A |
30 SR |
2.2% from the transaction amount |
0 SR |
|
Corporate platinum |
0 SR |
N/A |
30 SR |
2.2% from the transaction amount |
0 SR |
|
House workers prepaid card |
60 SR |
N/A |
50 SR |
2.2% from the transaction amount |
60 SR |
|
Corporate payroll card |
54 SR up to a maximum of 90 SR |
N/A |
50 SR |
N/A |
50 SR |
|
Business expenses card |
90 SR |
N/A |
50 SR |
2.2% from the transaction amount |
50 SR |
|
Product |
Profit Rate |
Financing Period |
Administration Fees |
Financing Limits |
|
Medium-sized Enterprise Financing |
From 5% up to 7% annually fixed rate |
Up to(84 Months) |
From 1.5% up to 3% |
Up to 18,750000, SAR (Eighteen million, seven hundred and fifty thousand riyals) |
|
Micro and Small -sized Enterprise Financing |
From 6% up to 8% annually fixed rate |
Up to(84 Months) |
From 1.5% up to 3% |
Up to 6,250,000 SAR (Six million, two hundred and fifty thousand riyals) |
|
Point of Sales Financing (POS-MADA) |
From 10% up to 16% APR |
(24 Months) |
From 2% up to 3% |
Min 250,000 SAR (Two hundred and fifty thousand riyals) Max 1,000000, SAR (One million riyals) |
