Financing for individuals
Financing and Savings products for individuals
Smart saver
Savings tiers & earnings
Your profit is calculated every day based on your balance at the end of the day. The higher your balance tier, the higher the expected profit rate. At the end of the month, all daily profits are added together and credited to your account.
If the balance remains the same for the entire month (30 days): 1.64 × 30 ≈ SAR 49.20 profit for the month.
If the balance changes, profit is calculated separately for each day. Example is as follows:
Total monthly profit: 54.80 + 295.80 = SAR 350.60
Fixed Deposit
Earn predictable returns with a fixed profit rate over a set period. Earn predictable returns with a fixed profit rate over a set period.
Earn predictable returns with a fixed profit rate over a set period. Earn predictable returns with a fixed profit rate over a set period.
-*Expected Annual Profit rate-APR may change based on the change in the financing amount and maturity date
If a customer invests in a fixed deposit and then decides to withdraw the funds early, only 50% of the accrued profit will be paid.
Credit Cards
Examples on calculation Annual Percentage Rate (APR) with assumed Credit Cards as per the below table for each product type:
*Annual Percentage Rate has been calculated based on an assumption of the credit limit for each credit card type, where principal payments and term cost will be repaid by the customer in 12 months - **Annual Percentage Rate (APR) may differ based on the product type and the credit limit and subject to credit score of each customer
Personal Finance
Example of Personal Finance:
*The table above is just an example, APR may vary based on the finance amount and maturity date shown in the table above and is subject to the credit assessment of each customer. -*Administration fees are calculated as either 0.50% of the financing amount or 2,500 SAR whichever is less. - *In the event of early settlement of the financing, the profit for the three months following the last payment will be deducted.
Smart Finance
Example of Smart Finance:
*The table above is just an example, APR may vary based on the finance amount and maturity date shown in the table above and is subject to the credit assessment of each customer. - *Administration fees are calculated as either 0.50% of the financing amount or 2,500 SAR whichever is less. - *In the event of early settlement of the financing, the profit for the three months following the last payment will be deducted.
Installments by STC Bank
Example of Installments by STC Bank:
*The table above is just an example, APR may vary based on the finance amount and maturity date shown in the table above and is subject to the credit assessment of each customer. - *Administration fees are calculated as either 0.50% of the financing amount or 2,500 SAR whichever is less. - *In the event of early settlement of the financing, the profit for the three months following the last payment will be deducted.
