| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Masraf Al Rayan Current Account
|
Minimum Balance: QAR 0 | Annual Fee: QAR 0 | Internet Banking: No | Features: Current Account |
Masraf Al Rayan's current account ensures your money does not bear any risk and will always pay your full available credit balance upon request.
This type of account is perfect for your day-to-day banking needs, with the option of a single or joint account.
Masraf Al Rayan Current Account Features:
-Minimum salary - QAR 5000 -Annual fee - zero -Minimum balance - zero
This type of account is perfect for your day-to-day banking needs, with the option of a single or joint account.
Masraf Al Rayan Current Account Features:
-Minimum salary - QAR 5000 -Annual fee - zero -Minimum balance - zero
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
