New Finance LAST UPDATE 5 MAR 2023
Get instant cash for government sector or Private sector inducted companies who transfers their employee's salary through AlAhli Bank Sarie system.
Features
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) as per insurance policy terms and conditions.
Terms and Conditions
| Nationality | Saudis & Non-Saudis. |
| Sectors | Government sector or Private sector inducted companies who transfer their employee's salary through Sarie system through AlAhli bank. |
| Minimum Salary | SAR 3,000 Saudis & SAR 4,000 Non-Saudis. |
| Minimum Months on Job | 1 month for Saudis in Government sector.
3 months for Saudis in the big 5 and non-Saudis in the government sectors and big private companies.
1 year for Saudis & Non-Saudis in Private sector. |
| Finance amount | 5,000 SAR up to 2,500,000 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. |
Terms and conditions applied.
Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.
New Personal Finance by Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years
| 4.87% | 1,743 SAR |
| 200,000 SAR | 5 Years
| 4.28% | 3,487 SAR |
| 350,000 SAR | 5 Years | 4.09% | 6,102 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.
New Personal Finance by Local Shares
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 5.74% | 1,871 SAR
|
| 200,000 SAR | 5 Years | 5.84% | 3,750 SAR |
| 350,000 SAR | 5 Years
| 5.94%
| 6,577 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
