Is the Finance programs approved by Shariah compliant?
Yes, all programs are approved by Shariah compliant.
What is the minimum and maximum finance amount?
Finance amount starting from 10,000 and up to 500,000 for individual customers and from 250,000 up to 5,000,000 for business clients.
Is it required to transfer the salary to the Saudi Finance Company?
No
What is the minimum age?
The minimum age is 21 years.
Is the profit rate fixed?
Yes
Can I choose the repayment period?
Yes, you can choose from one to five years.
What is the number of years of service required to apply for financing?
Number of years of service required: 3 months for the government sector and semi-government, 6 months for the banking sector, and 12 months for the private sector and expatriates.
What are the documents required to apply for financing?
Updated salary certificate.
Original National ID / Iqama for Non-Saudis.
What are the means of applying for funding?
Through the website
Do you have management fees?
Yes, there is a management fee for individuals: 0,50% of the finance amount, maximum 2,500 plus 15% VAT.
For the business sector: 1% of the amount of finance plus 15% VAT.
Is the payment history through finance companies / banks affect the application decision?
Yes
