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PF Connect Personal Finance                                                                                                                 LAST UPDATE 16 OCT 2022

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

NationalitySaudis.
SectorsGovernment sector (Military Sector & Civilian Sector).
Minimum Salary6,250 SAR.
Minimum Finance amount 5,000 SAR up to 1,500,000 SAR.
Minimum Age40 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 AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years4.58%
1,821 SAR
200,000 SAR5 Years4.77%
3,658 SAR
350,000 SAR5 Years4.87%
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 AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years5.39%
1,856​ SAR
200,000 SAR5 Years5.49%
3,720  SAR
350,000 SAR5 Years5.55%
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