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PERSONAL FINANCE FOR NON INDUCTED PRIVATE EMPLOYERS     LAST UPDATE 7 DEC 2023



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.
  • Insurance coverage in case of death or total disability (God forbid).


TERMS AND CONDITIONS:



NationalitySaudis 
productsNew, topup and additional personal finance.
SectorsPrivate sector non inducted companies' employees who transfers their employee's salary through Sarie system to AlAhli System
Minimum Salary
SAR 5,000
Minimum Months on Job12 months for Saudis in private sector.
Number of salary deposits3 salary deposits minimum 
Minimum Finance amount 5,000 SAR up to 1,000,000 SAR
Minimum Age
21 years old up to 60 years old
Required documentsSalary commitment letter + GOSI certificate


Terms and conditions applied.

Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower.

Fees for authorizing the sale of a commodity to a third party: 0% From the cost of the First Party purchasing the commodity.

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years
6.58%1,929 SAR
200,000 SAR5 Years6.11%
3,817 SAR
350,000 SAR5 Years
5.91%6,650 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



Administrative fee is 1% of the amount of financing or (5,000 SAR) whichever is lower

Finance AmountMaturity in Years*APRMonthly Payment Amount
100,000 SAR5 Years
17.46%2,387 SAR
200,000 SAR5 Years17.28%4,757 SAR
350,000 SAR5 Years17.09%8,295 SAR