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Please Fill Out the Form Below to Apply for Personal Finance

Terms and Conditions:


1. The client and sponsor must be working for one of the targeted segments.
2. The client's salary must be transferred to the local banks within the express program.
3. The age of the client and the sponsor shall not be less than 21 years and not more than 60 years when the last installment is due.
4. The service of the client and the sponsor must not be less than 3 months in the government sector.
5. The service of the client and the sponsor should not be less than 9 months in the private sector.
6. Not accepting the exchange guarantee.
7. Acceptance of first-degree kinship sponsorship (wife - husband - father - mother - son - daughter - brother - sister).
8. It is permissible to accept the sponsorship of a woman, provided that she works in the civil government sector.
9. It is required that the client and the sponsor are not in default in the SMHA report.
10. It is required that the client’s salary is not less than 5,000 SR and the salary of the sponsor is not less than 7,000 SR.
11. Durometry program is applied to all customers.
12. The possibility of granting client financing without a guarantor according to the following conditions:
- The client works in the civil government sector.
- The client's salary should not be less than 8,000 SR.
- That the amount of financing does not exceed 100,000 SR.
- That the client is not currently or in the past in default and does not have any judicial rulings and checks without balance (returned).
- The beneficiary should not be a related party.

Dear customer, any application that does not meet the conditions will not be considered

To learn about the Annual Percentage Rate (APR), you can visit this link. Please note that the rate may vary depending on the loan amount and due date, and it is subject to each client’s credit assessment

Required Documents
  • A recent cover letter of the client and the guarantor
  • An account statement approved by the bank for the last 3 (months) (for the client and the guarantor)
  • A standing order for the client, approved by the bank
  • The national addresses of the client and the guarantor
  • A copy of the ID card (for the client and the guarantor)
  • Fill out the finance application form
  •  
Required Documents
  • A recent cover letter of the client and the guarantor
  • An account statement approved by the bank for the last 3 (months) (for the client and the guarantor)
  • A standing order for the client, approved by the bank
  • The national addresses of the client and the guarantor
  • A copy of the ID card (for the client and the guarantor)
  • Fill out the finance application form
  •  
Conditions for Individual Finance
  • To be a Saudi national
  • The client’s salary must not be less than SAR 5,000, and the guarantor’s salary should not be less than SAR 7,000
  • The client and the guarantor are not insolvent
  • The service of the client and the guarantor must not be less than (3) months in the public sector and not less than (9) months in the private sector
  • The salary of a military client must not be less than 10,000 riyals with the provision of a guarantor working in the civil public sector
  • In the absence of a guarantor working in the civil public sector (the salary must not be less than 8,000 riyals)
  • Both the client and the guarantor must not be less than 21 years old and not more than 60 years old when the last installment is due
  • There are no high financial liabilities
Conditions for Individual Finance
  • To be a Saudi national
  • The client’s salary must not be less than SAR 5,000, and the guarantor’s salary should not be less than SAR 7,000
  • The client and the guarantor are not insolvent
  • The service of the client and the guarantor must not be less than (3) months in the public sector and not less than (9) months in the private sector
  • The salary of a military client must not be less than 10,000 riyals with the provision of a guarantor working in the civil public sector
  • In the absence of a guarantor working in the civil public sector (the salary must not be less than 8,000 riyals)
  • Both the client and the guarantor must not be less than 21 years old and not more than 60 years old when the last installment is due
  • The client’s work must be in the main Central, Western, and Eastern Provinces
  • There are no high financial liabilities
  •  
Frequently Asked Questions

In which companies are shares acquired?

Large companies that are trusted in terms of Sharia aspects (Alinma Bank, Bank AlJazira, Al-Rajhi Bank)

Are shares transferred to the client upon purchase?

Yes, a share portfolio is created in the name of the client, and all purchased shares are transferred thereto at the client’s disposal, materializing the Sharia receipt

How are shares sold?

The sale is done directly by the client (online)

Is there a gain or loss in the shares?

Yes, depending on the fluctuation in share price and the time difference between purchase and sale (which usually takes from an hour to an hour and a half)

Frequently Asked Questions

In which companies are shares acquired?

Large companies that are trusted in terms of Sharia aspects (Alinma Bank, Bank AlJazira, Al-Rajhi Bank)

Are shares transferred to the client upon purchase?

Yes, a share portfolio is created in the name of the client, and all purchased shares are transferred thereto at the client’s disposal, materializing the Sharia receipt

How are shares sold?

The sale is done directly by the client (online)

Is there a gain or loss in the shares?

Yes, depending on the fluctuation in share price and the time difference between purchase and sale (which usually takes from an hour to an hour and a half)

Prices of Finance and Saving Products

Finance AmountRepayment Period in YearsAnnual Percentage RateMonthly Installment AmountAdministrative FeesFixed Annual RateFinance Period in Months
Finance without a guarantor (civil public sector only)
100,000526.75%2,833.331%14%60
Finance with a guarantor (civil public sector)
100,000524.02%2,708.331%12.50%60
Finance with a guarantor (private sector)
100,000527.66%2,8751%14.50%60
Financing without a guarantor (employees of the General Organization for Social Insurance)
100,000515.75%2,333.33none8.00%60
Finance TypeFinance AmountRepayment Period in YearsAnnual Percentage RateMonthly Installment AmountAdministrative FeesFixed Annual RateFinance Period in Months
Finance without a guarantor
(civil public sector)
100,000526.75%2,833.331%14%60
Finance with a guarantor
(public sector)		100,000524.02%2,708.331%12.50%60
Finance with a guarantor
(private sector) 		100,000527.66%2,8751%14.50%60
Financing without a guarantor
(employees of the General Organization for Social Insurance) 		100,000515.75%2,333.331%8.00%60

Administrative fees for individuals:1% of the financing amount or 5,000 SR, whichever is less. 

The above tables are mere examples, and the annual percentage rate (APR) may change according to the amount, repayment period, and credit score of each client