Dual Income Finance LAST UPDATE 5 MAR 2023
Personal finance with two salaries is available for customers with multi income giving that both salaries are sent to SNB Payroll account through Sarie system.
- Combined 2 salaries for a bigger loan amount.
- Shariah compliant.
- 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.
Terms and conditions
Nationality
| Saudis |
| Sectors | Government Sector (Must be on job). Retired Aramco employees with GOSI. |
| Minimum numbers of Salary in the account | 1st employer 3 salaries in the account. 2nd employer 3 salaries in the account. |
| Updated Entity in the system | The updated entity with the highest Salary in Job Certificate. |
| Finance amount | SAR 5,000 up to 1,500,000 SAR. |
| Minimum Age | 18 years for Saudis & 22 years for Non-Saudis and must be less than 60 years at the date of last installment, except for retirees 75 years. |
Job Certificate
| Mandatory. |
| Mandatory. |
| | |
Terms and conditions apply.
Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 4.58% | 1,821 SAR |
| 200,000 SAR | 5 Years
| 4.77%
| 3,658 SAR |
| 350,000 SAR | 5 Years
| 4.87%
| 6,417 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
