Acceptance Criteria
- Age is not less than 21 years.
- Salary starts from 5,000 SAR.
- The period of service for the government and private sectors is not less than 6 months.
- For the expatriate, a sponsor is needed.
- The nature of the work must be full time.
Requirements
- ID
- ID for sponsor
- National address
- Bank statement for the last 3 months.
- Fill out the financing application form.
- Without salary transfer
- Fast approval
- Multiple sales channels
- Flexible repayment term up to 60 months
- Very competitive profit rate starting from 8%
- Without salary transfer
- Fast approval
- Multiple sales channels
- Flexible repayment term up to 60 months
- Very competitive profit rate starting from 8%
Helpful Questions & Answers
The minimum is 5,000 SAR and the maximum is 3,000,000 SAR.
You can choose the financing period from 6 months to 60 months.
Yes, cash financing is available to citizens and expatriates.
Yes, fixed until the end of the financing period.
Can’t find an answer? Please, Contact us
Calculate your loan easily
*The prices shown are approximate prices and are subject to terms and conditions according to the credit policy of the financial leasing company and do not include the insurance value. (According to the insurance controls, the insurance rate is based on the client’s insurance record).
Financial
calculation examples
Last Updated On: 01-07-2025
1 Year
Calculation
Asset type
Tawarruq
Financed amount
30,000
Accrual in years
1 Year
Financing ratio rate
%10.00
monthly installment amount
2,750
2 Years
Calculation
Asset type
Tawarruq
Financed amount
30,000
Accrual in years
2 Years
Financing ratio rate
%15.00
monthly installment amount
1,625
5 Years
Calculation
Asset type
Tawarruq
Financed amount
30,000
Accrual in years
5 Years
Financing ratio rate
%18.00
monthly installment amount
950
The Annual Percentage Rate (APR) may vary depending on the amount, repayment period, and each customer’s credit rating.
