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Bank employee financing product without salary transfer

The program targeted Saudi banks employees they are working at approved banks and they are interested to obtain personal finance with a competitive profit margin without salary transfer.

Benefits and Features

  1. Financing without salary transfer
  2. Competitive profit rate
  3. The minimum financing amount is 10,000 and the maximum 1 million Saudi riyals.
  4. for Saudi customers only
  5. the period of service in the current job (the bank) should not be less then 1 year.
  6. the entity should be approved to ARB.
  7. the financing period is up to 5 years (60 months).
  8. The age of the customer shall not be less than 18 years and not more than 55 years.
  9. The minimum total income of the client (8,000 Saudi riyals

Requirement

  1. GOSI certificate.
  2. Salary certificate should include the length of services and certified by the chamber of commerce
  3. Certificate of statement of terms and wages
  4. A bank statement for the last three months includes last three salaries.

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Salary Range  Duration Finance Amount APR Monthly installment
Example 1  8,000 - 14,999 5 years 55,000 6.77% 1,066
Example 2  15,000 - 24,999 5 years 80,000 6.30% 1,533
Example 3  ≥  25,000  5 years  150,000 5.82%  2,844

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