Sakana provides fixed and variable rate options to customers on reducing balance basis.
Variable rate financing is available from minimum 5 years to maximum 30 years. The variable rate financing is based on Sakana’s benchmark rate plus or minus margin (depending on various criteria) and the benchmark rate would be adjusted from time to time based on market and other factors. Sakana will announce the benchmark rate as and when it is changed.
The benchmark rate, with effect from 03 Jan 2010, is 9.25% per annum.
Sakana’s variable rate, based on this benchmark starts from 7.75% per annum. (with effect from 15 Jun 2011)
APR, based on the above benchmark, starts from 7.86% for finance amount of BHD 100,000 for 25 year tenor. (with effect from 15 Jun 2011)