FINANCE for Non-Payroll Customers LAST UPDATE 4 JULY 2022
Get instant cash for non payrolling cutomers to apply for New/ Topup & additional loan
Features
Without salary transfer.
Shariah compliant.
Instant approval.
Repayment periods up to 60 months.
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.
Requirements
Terms and Conditions
| Nationality | Saudis only |
| Sectors | Government sectors and big 5
|
| Minimum Salary | 9000 for civilian 7000 for military 9000 for big 5
3000 for Aramco
|
| Minimum Months on Job | 6 Months |
| Finance amount | 5,000 SAR up to 500,000 SAR |
| Minimum Age | 18 years and must be less than 60 years at the date of last installment, except for retirees 75 years. |
Terms and conditions applied.
Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.
Examples
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 3.89% | 1,792 SAR |
| 200,000 SAR | 5 Years
| 4.12%
| 3,603 SAR |
| 350,000 SAR | 5 Years
| 4.77% | 6,402 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.
For more information, please contact SNB Customer Service (Sales Unit) in Phone Banking on 8002441005
