Features:
Personal Finance Benefits
Fast finance applying process around the clock via Albilad App
Sharia compliant
Financing period up to 60 months
Early settlement is available
Finance amounts up to SAR 2,000,000
No salary transfer required for other banks employee
Finance for retired customers
Top-Up Finance Benefits
Fast finance applying process around the clock via Albilad App
Sharia compliant
Early settlement is available
Bank AlBilad - Financing Murabaha Through Bank Albilad App :
Flat Rate
Minimum Salary
Monthly Payment
Salary Transfer
No
How to apply for Digital Personal Finance Through Albilad App?
Login to Albilad App
Click on the shopping cart at the bottom of the page
Choose Personal Financing
Click on Finance type
Choose the mechanism for applying for the commodity
Fill in the required information then submit the request
Terms and conditions
Salary Transferred to Bank Albilad
Age must be 18 or older
Customer must be employee in one of the approved employers at Bank Albilad
Monthly net income should not be below
SAR3000 for Saudi
SAR3500 for non-Saudi
How the profit margin is calculated?
Here is an example of how the profit margin is calculated:
New Financing
Finance amount SAR 100,000 Total profit margin SAR 7,750 APR 3.5% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 60 months Total finance cost SAR 107,750 Monthly installment SAR 1,795.8
APR may differ depending on the amount, maturity period and credit scoring of the customer
Benefits:
One click away from requesting personal financing at anytime and anywhere via Albilad App and without the need to visit the branch ,You can apply for all types of Murabaha Financing through Albilad App (Personal Finance - Top Up Finance - Refinancing)
If you are a new customer of Bank Albilad and do not have an account, open your account and request your financing now online via Albilad app.
If you are an existing customer, login to Albilad application, then click on the shopping cart at the bottom of the application, choose Personal Financing and complete the steps...