Whether you want to renovate your home, plan your vacation, complete your
children's education or whatever your finance target may be, NCB Finance meets
and achieves all of your aspirations.
One of the most important advantages of Personal Finance via local shares is the customer’s access to cash within 15 minutes of sending the request, through buying the shares then selling them immediately or transferring them to the customer’s trading portfolio. All buy & sell /transfer transactions are carried out by a simple push of a button, which gives instruction to the stock-trading system to trade the shares in the market at their direct price. This enables the customer to complete the purchase &sale /transfer operations while being present in the bank branch.
Why local shares in particular?
It is a Sharia’h compliant financing formula, based on selling local stocks, where the bank buys and owns the stocks and afterward sells them to the customer on credit at the cost price plus the agreed profit margin. The customer shall have the right to dispose those shares by reselling them and getting the fund or retaining them in his portfolio.
The main features of the product
complete the whole process within 15 minutes
Immediate cash deposit to the customer’s account (in case of sale)
Easy installment programs and repayment periods of up to 5 years
Possibility of top up financing
The possibility of deferring installments during the holy month of Ramadan
Insurance in the case of death or disability
No need for a sponsor
The amount of "Tayseer Alahli" via local shares ranges between 5000 Saudi Riyals and up to million and a half Saudi Riyals (and up to two millions and a half Saudi Riyals to Aramco employees) (According to the salary and the employer organization)
The customer can keep the shares or sell them