Features:
- 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.
Arab National Bank - Personal Finance :
Flat Rate
5.42%
Minimum Salary
Monthly Payment
Salary Transfer
No
Fees & Costs:
• 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
Documents required:
• 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.
Eligibility:
• Employees of public and private sectors approved by the bank.
• Pensioners.
• Applicant should be 18 years old or more.