PF Connect Personal Finance LAST UPDATE 5 MAR 2023
Provide customers who are about to retiree a bigger loan amount with installment payment up to five years beyond the retirement age.
Features
- Bigger loan amount.
- Applicable with New and top-up 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.
- 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 (Military Sector & Civilian Sector). |
| Minimum Salary | 6,250 SAR. |
| Minimum Finance amount | 5,000 SAR up to 1,500,000 SAR. |
| Minimum Age | 40 years minimum and 59 maximum. |
Terms and conditions apply.
Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.
New PF Connect by Local Commodities
| 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.
Topup PF Connect by Local Commodities
| Finance Amount | Maturity in Years | *APR | Monthly Payment Amount |
| 100,000 SAR | 5 Years | 5.39%
| 1,856 SAR |
| 200,000 SAR | 5 Years | 5.49%
| 3,720 SAR
|
| 350,000 SAR | 5 Years | 5.55%
| 6,519 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
