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 Additional Finance Local Commodities :
Flat Rate
4.83 % : 6.10%
Minimum Salary
3000 SAR
Monthly Payment
6,487 SAR : 1,908 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,.
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.