LOAN FINANCING is subject to the supervision and oversight of the Saudi Central Bank. The financing period ranges from 3 to 18 months
The maximum annual percentage rate (APR) is 299, representing the total annual cost, including interest and fees.
Here is an example illustrating how to calculate the interest:
Interest calculation (Loan amount × fixed interest rate) × number of years Loan amount: 7179.25
Fixed interest rate: 36
Duration: 1.5 years
3,876.80: Amount of profits Monthly installment: 614.23
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