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
14-11-2024
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Personal Financing |
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|
Monthly Installment |
Loan amount |
Profit Rate (APR) |
Financing Period |
Product |
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|
SR 800 |
SR 36,711 |
3.00% |
4 years |
Stock - Auto |
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|
SR 900 |
SR 40,758 |
4.00% |
5 years |
Stock - Auto |
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|
SR 1000 |
SR 45,972 |
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 2,996 |
SAR 898,872 |
25 years |
5.49% |
Fixed |
80% |
SAR 500,000 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,633 |
SAR 879,689,1 |
25 years |
5.44% |
Fixed |
80% |
SAR 940,736 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,516 |
SAR 661,903 |
10 years |
4.9% |
Fixed |
25% |
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 2,703 |
SAR 810,927 |
25 years |
4.41% |
Fixed |
62% |
SAR 500,000 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,081 |
SAR 1,524,546 |
25 years |
4.37% |
Fixed |
62% |
SAR 1,111,779 |
|
Remainder of the financed amount + profit for the next three months |
SAR 5,291 |
SAR 634,891 |
10 years |
3.97% |
Fixed |
26% |
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 Daily balance package |
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|
Balance Limits |
AER |
AER from 03/12/2024 |
Maturity in Month |
Number of Withdrawals Permitted per Month |
|
SR 1 – SR 1,000,000 |
2.25%/Year |
2.00%/Year |
One Month |
Open |
|
SR 1,000,000 – SR 3,000,000 |
2.50%/Year |
2.22%/Year |
One Month |
Open |
|
SR 3,000,000 and above |
3%/Year |
2.70%/Year |
One Month |
Open |
|
Saving Account Minimum balance package |
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|
Balance Limits |
AER |
AER from 03/12/2024 |
Maturity in Month |
Number of Withdrawals Permitted per Month |
|
SR 1 – SR 1,000,000 |
2.25%/Year |
2.00%/Year |
One Month |
Open |
|
SR 1,000,000 – SR 3,000,000 |
2.50%/Year |
2.22%/Year |
One Month |
Open |
|
SR 3,000,000 and above |
3%/Year |
2.70%/Year |
One Month |
Open |
|
Examples of savings account packages (lowest balance during the month) |
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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% |
0.64 SAR |
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|
The balance is greater than 1 riyals and less than 100,000 riyals, and therefore the return of the first package is 2.22% |
12.95 |
2.22% |
7000 SAR |
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|
The balance is greater than 1 Million riyals, and therefore the return of the third package is 3% |
12,500 |
3% |
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% |
0.64 riyals for a whole month |
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|
The balance is greater than 1 riyals and less than 100,000 riyals, and therefore the return of the first package is 2.22% |
37 |
2.22% |
riyals for 20 days a month 30,000 |
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|
The balance is greater than 1 Million riyals, and therefore the return of the third package is 3% |
12,500 |
3% |
5 Millions SAR for the whole month |
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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 classic |
0 SR |
0 SR |
30 SR |
2.2% from the transaction amount |
0 SR |
|
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 (charge card) |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa gold (charge card) |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa Platinum (charge card) |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa Signature (charge card) |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Visa infinite (charge card) |
250 SR |
100 SR |
50 SR |
1.15% from the transaction amount |
250 SR |
|
Alinma platinum Credit Card |
100 SR |
100 SR |
50 SR |
2.7% from the transaction amount |
100 SR |
|
Alinma signature Credit Card |
250 SR |
250 SR |
50 SR |
2.7% from the transaction amount |
250 SR |
|
Alinma infinite Credit Card |
300 SR |
300 SR |
50 SR |
2.7% from the transaction amount |
300 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 |
2.2% from the transaction amount |
50 SR |
|
Business expenses card |
90 SR |
N/A |
50 SR |
2.2% from the transaction amount |
90 SR |
|
Annual Percentage Rate (APR) as per Credit Limit of the Card |
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|
Default Credit Limit |
Annual Percentage Rate (APR) |
Minimum Payment |
Monthly profit rate |
Number of Months until Settlement of Outstanding Balance * |
|
Platinum SAR 10,000 |
38.21% |
5% or SAR 100 , whichever is higher |
2.5% |
88 months |
|
Signature SAR 20,000 |
38.98% |
5% or SAR 100 , whichever is higher |
2.5% |
114 months |
|
Infinite SAR 15,000 |
40.51% |
5% or SAR 100 , whichever is higher |
2.5% |
103 months |
|
AlFursan Platinum SAR 10,000 |
42.80% |
5% or SAR 100 , whichever is higher |
2.5% |
88 months |
|
AlFursan Signature SAR 12,000 |
52.97% |
5% or SAR 100 , whichever is higher |
2.5% |
95 months |
|
AlFursan Infinite SAR 15,000 |
65.89% |
5% or SAR 100 , whichever is higher |
2.5% |
103 months |
|
*In the event of using the entire credit limit and paying the minimum amount of each month without reusing the paid amounts, the settlement of the entire indebtedness will take the number of months shown in the table, taking into account the profit rate added each month. |
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|
Product |
Profit Rate |
Financing Period |
Administration Fees |
Financing Limits |
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|
Medium-sized Enterprise Financing |
From 5% up to 7% annually fixed rate |
Up to(84 Months) |
From 1.5% up to 3% |
Up to 18,750,000 SAR (Eighteen million, seven hundred and fifty thousand riyals) |
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|
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) |
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|
Point of Sales Financing (POS-MADA) |
From 10% up to 16% APR |
(60 Months) |
From 2% up to 3% |
Min 500,000 SAR (Five hundred riyals) Max 5,000,000, SAR (Five million riyals) |
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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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