Saudi National Bank - PF New Local Commodities

Saudi National Bank

Features:

Get cash for government sector or Private sector inducted companies who transfer their employee's salary through AlAhli Bank Sarie system, Shariah compliant, Without the need of visiting the branch, No documents are required to apply, The convince of signing off the contracts though electronic signature after 24, Repayment periods up to 60 months, Possibility of early settlement, Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.


Saudi National Bank - PF New Local Commodities :


Flat Rate

4.35% : 5.62 %

Minimum Salary

3000 SAR

Monthly Payment

1,888 SAR : 6,414 SAR

Salary Transfer

Yes

Fees & Costs

Administrative fees 1% of finance amount or SAR 5,000

Requirements

Saudis only, Government sector and Private sector inducted companies who transfers their employee's salary through Sarie system through al Ahli bank, Minimum Salary = SAR 3,000 Saudis, Minimum Months on Job = 3 months for Saudis in Government sector and big private companies, Finance amount 5,000 SAR up to 2,500,000 SAR,.


Documents required

No need to submit any documents

Eligibility

Saudis only, 18 years for Saudis and must be less than 60 years at the date of last installment, except for retirees 75 years.


Benefits:

Shariah compliant, Without the need of visiting the branch, No documents are required to apply, The convince of signing off the contracts though electronic signature after 24, Repayment periods up to 60 months, Possibility of early settlement, Insurance coverage in case of death or total disability (God forbid) as per insurance policy terms and conditions.