Additional Finance LAST UPDATE 12 OCT 2022
An additional finance may be obtained if there is an increase in salary or in-case of not utilizing the maximum eligible Debt Burden Ratio.
Features:
Shariah compliant.
Instant approval.
Repayment periods up to 60 months.
Possibility of postponing the installment of the month of Ramadan.
Possibility of early settlement.
Possibility of postponing up to 3 installments during apply personal finance.
Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.
- Terms and conditions applied
- Administrative fees: 1% of finance amount or SAR 5,000 (whichever is less)
- Administrative fees is included in APR
Terms and Conditions:
| Nationality | Saudis & Non-Saudis. |
| Sectors | Government sector or Private sector inducted companies who transfer their employee's salary through Sarie system through al Ahli bank. |
| Minimum Salary | SAR 3,000 Saudis & SAR 4,000 Non-Saudis. |
| Minimum Months on Job | 1 month for Saudis in Government sector. 3 months for Saudis in the big 5 and non-Saudis in the government sectors and big private companies. 1 year for Saudis & Non-Saudis in Private sector. |
| Minimum Finance amount | 5,000 SAR up to 2,500,000 SAR |
| Minimum Age | 18 years for Saudis & 22 years for Non-Saudis and must be less than 60 years at the date of last installment, except for retirees 75 years.
|
Terms and conditions apply.
Administrative fees: 1% of finance amount or SAR 5,000 (whichever is less)
Additional Personal Finance by Local Commodities:
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 7.00% | 1,925 SAR |
| 200,000 SAR | 5 Years
| 6.81% | 3,833 SAR
|
| 350,000 SAR | 5 Years | 6.62%
| 6,679 SAR
|
The table above and its numbers is an illustrative example only to show the annual percentage rate, which is dependent on three variables (Finance amount, profit rate, and loan tenor)
Additional Personal Finance By Local Shares:
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 6.52%
| 1,904 SAR
|
| 200,000 SAR | 5 Years | 6.62% | 3,817 SAR
|
| 350,000 SAR | 5 Years
| 6.71%
| 6,694 SAR
|
For more information, please contact SNB Customer Service (Sales Unit) in Phone Banking on 8002441005The above table is for example purposes as APR may differ depending on the finance amount, salary amount, employer and maturity period and subject to credit scoring of each customer.
