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Conditions for Individual Finance


To be a Saudi national with no high financial liabilities
Requires a sponsor in private sector
The salary of the client is not less than 5000 SR
The salary of the client is not less than 8000 SR for Military Sector
Not defaulted in SIMAH and does not have judicial rulings and checks without balance (bounced)
Customer service not less than 3 months in public sector, and not less than 6 months in private sector
Not less than 21 and not more than 60 years old when the last installment is due
The client’s workplace should be in the main regions (Eastern, Western, Central) Eastren

- عزيزي العميل، لن يتم النظر في اي طلب لم يستوفي الشروط

Who is Osoul Modern Finance Company?

One of the companies licensed by the Saudi Central Bank to practice business finance and financial loans

Flexible Repayment Period

Lowest Profit Margin

Certified by the Shariah Board

For individuals and SMEs

How do you get financing?

You can get financing very quickly and easily with the lowest profit margin. Apply through the website directly through the following steps:

Choose Your Need

Between Personal or SMEs Finance

Fill Out The Form

Verify That the Data Entered is Correct

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Please Expect to Hear From One of our Sales Representatives Shortly

Required Documents
  • A recent letter of introduction to the client and the sponsor
  • Deduction letter for the customer approved by the bank
  • Attach the national address of the client and the sponsor
  • Account statement approved by the bank for the last 3 months
  • A copy of the ID card of the client and sponsor
Required Documents
  • A recent letter of introduction to the client and the sponsor
  • Deduction letter for the customer approved by the bank
  • Attach the national address of the client and the sponsor
  • Account statement approved by the bank for the last 3 months
  • A copy of the ID card of the client and sponsor
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
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

Is the finance compliant with Islamic Shariah?
Yes, the finance is compliant with the regulations of Islamic Shariah and approved by the Shariah Committee

Are there administration fees?
Yes, and they are paid up after bringing the standing order and the VAT payment at 15% of the administrative fees

What are the minimum and maximum amounts of finance?
The minimum is SAR 20,000 and the maximum is SAR 200,000

Does the company own the commodity? What is it?
‘Yes; and the commodities are shares, iron, and cars

How long does it take to get finance?
It depends on the time taken by the applicant for finance to provide the required documents and their accuracy and validity. For companies, the receipt of finance takes a maximum of 7-10 working days if all required documents are furnished

Is it possible to obtain additional (second) finance from the Company)?
Yes, if the client pays the Company on a regular basis

Frequently Asked Questions

Is the finance compliant with Islamic Shariah?
Yes, the finance is compliant with the regulations of Islamic Shariah and approved by the Shariah Committee

Are there administration fees?
Yes, and they are paid up after bringing the standing order and the VAT payment at 15% of the administrative fees

What are the minimum and maximum amounts of finance?
The minimum is SAR 20,000 and the maximum is SAR 200,000

Does the company own the commodity? What is it?
‘Yes; and the commodities are shares, iron, and cars

How long does it take to get finance?
It depends on the time taken by the applicant for finance to provide the required documents and their accuracy and validity. For companies, the receipt of finance takes a maximum of 7-10 working days if all required documents are furnished

Is it possible to obtain additional (second) finance from the Company)?
Yes, if the client pays the Company on a regular basis

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