Finance Transfer Program                                                                                                                       UPDATE 22​ MAR 2023​

Administrative fee waiver start from 22 March until end of 31 March 2023
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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.

Features:

• 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:

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.

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