| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Masraf Al Rayan Tasheel Al Rayan for Expatriates
|
Minimum Salary: QAR 5,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 4 Years | Flat Rate: 3.17% | Reducing Rate: 5.71% |
Completing a home renovation, making a major purchase, paying for your kids' tuitions or simply better managing your financial obligations , Tasheel Al Rayan can help bring your dream to life. Our personal finance team will help find the right financing option that meets your needs.
Masraf Al Rayan Tasheel Al Rayan Personal Finance Features:
-Competitive profit rate. -Comprehensive protection scheme. -With up to 4 years, you can choose the payment that suites your budget. -Grace period up to 3 months. -Quick approval process.
Representative example:
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
Masraf Al Rayan Tasheel Al Rayan Personal Finance Features:
-Competitive profit rate. -Comprehensive protection scheme. -With up to 4 years, you can choose the payment that suites your budget. -Grace period up to 3 months. -Quick approval process.
Representative example:
If you borrow QAR 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:
Payment per month – QAR 297.50 | Total charge for credit – QAR 710 | Total amount you repay – QAR 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** 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.
Representative Example Calculator
