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Retirees and Beneficiaries of social insurance and the retirement Authority Offers for Personal Finance 2023

LAST UPDATE 07-12-2023

​​Only for Retirees and Beneficiaries new offers for New Personal Finance, Top-up Finance and Balance Transfer Program.​

Products Features


Balance transfer programTop-up FinanceNew finance
  • Make your financial commitments (Personal finance/Lease finance/Credit card) in one personal finance installments
  • 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)
  • Shariah compliant.
  • Payment of the outstanding finance and obtaining a new finance.
  • Instant approval.
  • Repayment periods up to 60 months.
  • Possibility of early settlement.
  • Possibility of postponing the installment of the month of Ramadan.
  • Possibility of postponing up to 3 installments during apply personal finance
  • 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)

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Terms and Conditions for Retirees and Beneficiaries

​Balance transfer programTop-up FinanceNew finance 
​​Saudis only.
Nationality
Retirees and Beneficiaries of social insurance and the retirement Authority
Sector
4,000 SAR and it's differ from sector to another.
SAR 2,500 Saudis

Minimum Salary
5,000 SAR up to 1,000,000 SAR
Minimum Finance amount

30 years old till 75 years old​​

​Maximum Age

 

New Finance                 

Get instant cash for government sector or Private sector inducted and non- inducted companies who transfers their employee's salary through AlAhli Bank Sarie system.

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years7.04%1,949 SAR
200,000 SAR5 Years6.56%
3,857 SAR
350,000 SAR5 Years
6.36%
6,720 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.


Top-up Finance                             

Top-up finance may be obtained after repayment of 20% of the finance amount from any existing personal finances with a higher limit and new tenure as per desire.

Finance AmountMaturity in Years*APRMonthly Payment Amount​
100,000 SAR5 Years7.52%
1,970 SAR
200,000 SAR5 Years7.52%
3,940 SAR
350,000 SAR5 Years7.33%
6,866 SAR

The above table is for the purpose of example only as the APR may differ depending on the finance amount, salary amount, employer and maturity period and is subject to the credit scoring of each customer.

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

​​

Finance Transfer Program

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.


Required Documents & Procedures:

  • Recent no-objection letter of no less than 10 days to transfer the finance (including finance amount and other bank's IBAN number).
  • Salary certificate from the company.
  • 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.
​Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years3.58% 1,799  SAR
200,000 SAR5 Years2.41%3,498 SAR
350,000 SAR5 Years2.21% 6,093 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.

Terms and conditions applied.

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.


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