• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Late instalment payment: SAR 75

• Early termination (only for the finance contracts executed from 16th of Sept. 2014:) The term cost for the three months following the payment of the early settlement

• Salary certificate from the employer specifying salary details, current position, and number of years in service.

• Salary assignment letter through “SARE” indorsed by the employer.

• Copy of valid national identification card/Iqama.

• Employees of public and private sectors approved by the bank.

• Pensioners.

• Applicant should be 18 years old or more.

• Easy process.
  
• Shariah Compliant
• Competitive profit margin
• The possibility of postponing the first 3 installments.
• Easy installments up to 60 months.
• Possibility of refinancing when 20% of the original finance amount has been paid.