Personal Financing

General Terms

The customer must ensure they fully understand all terms of the financing agreement and any other documents provided by the company. If there is any ambiguity, they should contact the company for clarification. The customer must also notify the financing company of any changes to their personal information, such as their address, place of residence, or employment, as soon as they occur. Before applying for financing, the customer should ensure they can meet all their current and future financial obligations. In the event of failure to meet financial obligations according to the agreement and repayment schedule, the company has the right to take legal actions in accordance with the regulations in force in the Kingdom of Saudi Arabia.

For financing that requires a guarantor, the guarantor must be a Saudi national and employed in one of the target sectors. The guarantor’s salary must be at least 7,000 SAR and transferred via the Fast Program in local banks. Additionally, the guarantor must not be defaulting in SIMAH, nor have any legal judgments or returned checks.

Repayment Method

The customer agrees to repay the monthly installments on time as specified in the financing contract. In case of a delay in payment, the entire financing amount, accumulated profits, and any other amounts become due immediately, including any legal expenses or collection fees. If the customer wishes to make early repayment, they can pay the remaining financing amount five days before the due date, along with the profits due for the next three months and any additional fees.