Book traversal links for المادة 8: معدل النسبة السنوي (APR)
Article 8: Annual Percentage Rate (APR)
No: 351000116619 | Date(g): 7/7/2014 | Date(h): 10/9/1435 |
Effective from 2014-07-07 - Jul 06 2014
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- The APR must include all mandatory charges or costs under a Consumer Financing as shown in the relevant advertising notices or materials.
- The Financing Contract must stipulate the use of the declining balance method in distributing the Term Cost over the maturity period, which means that the Term Cost is allocated pro-rata to installments based on the remaining balance of the Amount of Financing at the beginning of the period for which an installment is due.
- The Term Cost is fixed.