Retirees and Beneficiaries of social insurance and the retirement Authority Offers for Personal Finance 2022/2023
Only for Retirees and Beneficiaries new offers for New Personal Finance, Top-up Finance and Balance Transfer Program.
Administrative fee waiver starting from 22 March until end of 31 March 2023
Products Features
| Balance transfer program | Top-up Finance | New 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)
.
|
Terms and Conditions for Retirees and Beneficiaries
| Balance transfer program | Top-up Finance | New 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 Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 3.79% | 1,800 SAR |
| 200,000 SAR | 5 Years | 3.59% | 3,600 SAR |
| 350,000 SAR | 5 Years | 2.91% | 6,300 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 Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 6.20% | 1,904 SAR |
| 200,000 SAR | 5 Years | 6% | 3,808 SAR |
| 350,000 SAR | 5 Years | 5.33% | 6,665 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 Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 2.91% | 1,775 SAR |
| 200,000 SAR | 5 Years | 2.40% | 3,517 SAR |
| 350,000 SAR | 5 Years | 2.21% | 6,122 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.
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