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Finance Transfer Program                                                                                                                       LAST UPDATE 20 NOV​ 2023​

Now you can make your financial commitments (Personal finance/Lease finance/Credit card) in one personal finance installments at a competitive annual percentage rate through the debt Transfer Program from other banks.


  • Cash liquidity.
  • Get the benefits of SNB services and products.
  • Process to be executed in record timing.
  • Shariah-compliant program.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Monthly Payments will defer for 2 months as per the features of Balance Transfer Program.
  • Possibility of postponing the installment of the month of Ramadan.
  • Possibility of early settlement.
  • Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.

Terms and Conditions:

NationalitySaudis and Non-Saudis in (Aramco – KAUST)​​
SectorsAll Government sectors and Private inducted companies
Minimum Salary4,000 SAR and it differs​ from sector to another.
Minimum Month on Job
  • 1 month for government sector and big companies

  • 3 months for non-Saudi (Aramco - KAUST)

  • 4 months for inducted private sectors​​

Minimum Finance amount SAR 5,000 up to 2,500,000 SAR.
Maximum Age18 years old till 60 except for retirees till 75 years old

Required Documents & Procedures:

  1.  Recent no-objection letter of no less than 10 days to transfer the finance (including finance amount and other bank's IBAN number).
  2.  Salary certificate from the company.
  3.  Bank statement from the other bank including:
        • 3-month statement on the bank's letterhead including last 3 salaries.
        • Other bank's stamp on all statement pages if the statement is without the bank’s logo.
        • Statement pages must be numbered in order.

Terms and conditions apply.

Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.​

Fees for authorizing the sale of a commodity to a third party: 0% From the cost of the First Party purchasing the commodity.

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years2.15%
1,740 ​SAR
200,000 SAR5 Years
4,352 SAR
350,000 SAR5 Years1.55%
5,223 SAR

The 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.

 Apply Now 

For more information, please contact SNB Customer Service (Sales Unit) in Phone Banking on 8002441005

Terms and conditions apply.

Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.​

Old September rates below

inance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years2.91%
1,771 ​SAR
200,000 SAR5 Years
3,498 SAR
350,000 SAR5 Years2.21%
5,223 SAR​

No admin fees and price discount starting from 9 June until 30 June 2023