Loans<\/a>, by paying it off early, in accordance with the financing regulations and rules established within a clear framework, <\/span><\/p>\nwith the cost borne by the customer taken into account.<\/span><\/p>\n.<\/p>\n
Early Repayment Cases<\/span><\/h2>\nThe customer may repay the remaining financing amount early at any time before the end of the repayment period, except during the early repayment restriction period for real estate financing\u2014if the contract includes such a restriction\u2014 <\/span><\/p>\nnoting that the Saudi Arabian Monetary Authority has previously set a number of conditions for calculating the early repayment amount for loans.<\/span><\/p>\n\n
<\/div>\n<\/div>\n
The customer should carefully consider the timing and circumstances of deciding to repay earlier than scheduled, to ensure that doing so will be beneficial, while <\/span><\/p>\nSaving money, noting that financing installments can be paid off before the end of the repayment period in the following circumstances:<\/span><\/p>\n\u2022 The customer receives additional income\u2014such as a salary increase, allowances, or financial bonuses\u2014sufficient to cover the financing installments due.<\/span><\/p>\n\u2022 The customer has savings invested in a way that may generate returns lower than the cost of financing.<\/span><\/p>\n\u2022 The customer plans to consolidate all financial obligations, including loan installments and debts, into a single financing arrangement, such as obtaining a<\/span><\/p>\n debt buyout financing product.<\/span><\/p>\n.<\/p>\n
\n
\n
Early repayment amount calculation terms<\/span><\/h2>\nThe lender that the entrepreneur or customer works with may be entitled to compensation if they wish to repay the loan early, subject to <\/span><\/p>\nthe limits and rules established by the Saudi Arabian Monetary Authority to protect the rights of both parties, as follows:<\/span><\/p>\n.<\/p>\n
1. The reinvestment cost must not exceed the cost for the three months following repayment.<\/span><\/p>\n2. The reducing-balance method must be used to allocate the term cost over the financing repayment period.<\/span><\/p>\n3. The term cost may be allocated proportionally across the installments, based on the outstanding financing balance at the beginning of the period for which each installment is due.<\/span><\/p>\n4. The lender may be compensated for an amount it pays to a third party under the financing contract that cannot be recovered, provided the amount is calculated based on the remaining term. <\/span><\/p>\nunder the contract, noting that these may have been paid in advance and not reimbursed to the financing provider by the beneficiary, with supporting documentation included in the financing file.<\/span><\/p>\n5. The repayment schedule must clearly state several important details, including the number of payments, each payment date and amount, and the amount of the term cost (\u201cprofit\u201d), <\/span><\/p>\nas well as the principal amount included in each payment and the remaining financing balance after each payment.<\/span><\/p>\n6. The entire remaining financing balance must be repaid.<\/span><\/p>","protected":false},"excerpt":{"rendered":" \u064a\u0631\u0627\u0648\u062f \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0641\u0643\u0631\u0629 \u0627\u0644\u0633\u062f\u0627\u062f \u0627\u0644\u0645\u0628\u0643\u0631 \u0644\u0644\u0642\u0631\u0636\u061b \u0648\u0630\u0644\u0643 \u0628\u0639\u062f \u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0646\u062c\u0627\u062d \u0641\u064a \u0645\u0634\u0631\u0648\u0639\u0647 \u0627\u0644\u062c\u062f\u064a\u062f. \u0641\u0639\u0646\u062f\u0645\u0627 \u062a\u062a\u063a\u064a\u0651\u0631 \u0627\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u0645\u0627\u062f\u064a\u0629 \u0644\u0644\u0645\u0642\u062a\u0631\u0636\u060c \u064a\u0645\u0643\u0646\u0647 \u0623\u0646 \u064a\u0635\u0628\u062d \u0642\u0627\u062f\u0631\u064b\u0627 [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":20073,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[20066,2027,2093,3217,4988,793,20065,20064],"class_list":["post-20072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-20066","tag-2027","tag-2093","tag-3217","tag-4988","tag-793","tag-20065","tag-20064"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=20072"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/20073"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=20072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=20072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=20072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}