ALISSA (ISUZU) MUX- 2024
Salary Transferred Customers to alrajhi bank
- *Down payment 0%
- Admin Fees 0%
- *Balloon Payment till up to 50%.
- Term 60 Months
- Low Annual Percentage Rate (including insurance) starting from 6.31%
Example 1 : Leasing Used Cars Salary Transferred Customers
| Asset Type | Finance Amount | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
|---|---|---|---|---|---|
| Car | 100,000 | 5Years | 6.31% | 1,041 | 50,000 |
Non-Salary Transferred Customers
- * Down payment starts from 0%
- Admin Fees 0%
- Balloon Payment till 50%
- Lease tenor up to 60 months
- Low Annual Percentage Rate (Not including insurance) starting from 7.53%
Example 2 : Non-Salary Transfer Customers
| Asset Type | Loan/Finance Amount | Down payment | Maturity in Years | APR | Monthly Repayment Amount |
|---|---|---|---|---|---|
| Vehicle | 100,000 SAR | 15,000 SAR | 5 years | 13.08% | 1,644 |
Terms and Conditions
-Terms and conditions are applying
-Offer is valid until 30 Sep 2025
-Financial Calculator.
Definitions
Illustration:
| Asset Type | Loan/Finance Amount | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
|---|---|---|---|---|---|
| Car | 100,000 SAR | 5 years | 6.31% | 1,041 | 50,000 |
*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.
The Annual Percentage Rate (APR):
It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.
Finance Amount:
The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.
Maturity In Years:
The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties' with the terms of the contract
Monthly repayment amount:
These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.
Residual Value:
The last payment is usually to % 35 of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease.
Definitions
Illustration:
| Asset Type | Loan/Finance Amount | Maturity in Years | APR | Monthly Repayment Amount | Residual Value |
|---|---|---|---|---|---|
| Car | 100,000 SAR | 5 years | 6.31% | 1,041 | 50,000 |
*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.
The Annual Percentage Rate (APR):
It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.
Finance Amount:
The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.
Maturity In Years:
The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties' with the terms of the contract
Monthly repayment amount:
These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.
Residual Value:
The last payment is usually to % 35 of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease.
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